March News Bulletin

March News Bulletin

Edinburgh to see property investment boom

Residential Landlord reports Edinburgh could be a hotspot for buy to let investment, as property prices are expected to rise by 23 per cent over the next four years.

READ MORE.

Cullen Property opinion:
Are we experiencing an Edinburgh BTL property boom? We think so! Edinburgh is expected to grow even more popular for buy-to-let investors as property prices are rising, mainly due to the lack of supply vs. demand, with properties in the lower end of the market expecting to see the largest price increase. More people are likely to continue renting as it is getting increasingly difficult to get onto the property ladder.Buy-to-let proves popular with expat investors

Property Reporter reports British expats keen to keep a foothold in the UK property market have more opportunities to invest.

READ MORE.

Cullen Property opinion:
We have always found Edinburgh property to be a popular investment choice with British expats, especially those with a connection to the city through family or education. The value of the pound dropped last year as a result of Brexit and we have found that this has made property in Edinburgh more accessible for overseas investors. We are also aware that many international investors view the UK as a whole as a safe haven for their money, particularly in a world of increasing economic uncertainty.

Edinburgh breaks into Global Top 5 for Property

The Scotsman reports Edinburgh has entered the world’s top five cities on a prestigious global property investment index.

READ MORE.

Cullen Property opinion:
The amount of renovation and developments throughout the city helps highlight why Edinburgh is becoming so popular for property investment, as our thriving city is constantly developing. Current developments include; £1 billion on The St James Shopping Centre, £16 million on the Scottish National Gallery, £45 million on a new music concert hall, £43 million on Meadowbank Stadium, plus the potential development of the tram lines. Edinburgh was also named as one of 21 “new world cities” seen as redefining the investment landscape.

Scottish rental market starts 2017 on a high

Property Reporter reports the average property in Scotland now letting for £571 per month.

READ MORE.

Cullen Property opinion:
It isn’t surprising to hear that rental prices grew faster in Edinburgh than anywhere else in Scotland - we have noticed a buzz around the Edinburgh property industry with rental prices increasing by 3.3% in the past 12 months! Rental demand continues at good levels with low levels of voids between tenancies. It is believed that landlords in Scotland are now seeing a better return for their investments than landlords in London, due to the changes in taxation and mortgage relief making highly geared expensive London property less attractive.

Welcome to happy town: 94% say they like living in Edinburgh

The Edinburgh Evening News reports 94% of residents say they are happy with Edinburgh as a place to live - one of the highest scores recorded anywhere in the UK.

READ MORE.

Cullen Property opinion:
We love living in this vibrant energetic city and we are pleased to hear that so many agree. It is important for us to know that our tenants are happy with their property and surroundings. Edinburgh has so much to offer in terms of history, culture, education and entertainment and we want our tenants to have an enjoyable experience in their Cullen Property home.

Related articles

Dawn Pianosi and Steve Coyle - Directors at Cullen Property
Dawn Pianosi Joins Cullen Property's Board Of Directors
We Are Delighted To Welcome Dawn To Her New Role As Operations Director We are delighted to announce the appointment of Dawn Pianosi to our board of directors and her promotion to Operations Director. Dawn brings over 14 years’ of Edinburgh Letting Agency experience. She joined our team in…
openinghours
Our Festive Opening Hours | 2021
Happy Holidays! Here are our festive opening hours this year.🎄 We wish you all a safe and happy Christmas this year. Warm Wishes, The Cullen Property Team  
dawnblog
The Private Residential Tenancy And The Private Rented Sector Post COVID-19
Pre-COVID I commuted daily on the Glasgow to Edinburgh train line.  I was intimately acquainted with spending an hour squished between a train door and strangers, sharing air of all things with hundreds of other humans.  I didn’t see a day coming where I’d do a mental risk assessment before leaving the house.  …