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Time for buy-to-let?

Time for buy-to-let?

For many investors buy-to-let certainly appears to have all the signs of a strong candidate for their portfolio plans. Stock market volatility, savings accounts offering lower than inflation rates (average easy access savings account yield under 1%), and a recent drop in gold value leaves investors with fewer choices than ever before but even in more prosperous times, current buy-to-let yields would whet the appetite.

Average rental yields in Scotland increased in May by 0.1% lifting the average to 5.8% but the rise from May to June has been far more substantial.  

 

Scotland

Average rent June 2013

£601

Average rent May 2013

£579

Monthly Variance

+3.8%

*HomeLet Rentals Index

 

At Martin & Co Stirling we’ve seen first-hand how far demand is in excess of supply. We have had a record breaking summer thus far and as Stirling’s number 1 rental agency (in terms of portfolio size, managed properties, lets per week and new instructions) we are the best gauge of the local market. Some of our properties have been reserved on the day they’re added to our portfolio, in some cases even before going live on our website so demand in key areas is certainly there.

Combining the lucrative rental yields with low interest mortgages and growing confidence of an imminent property market renaissance all add up to one thing. Yes, now is indeed the time for buy-to-let but local knowledge and the support of Stirling’s premier lettings & sales agency is imperative.

Tanya Powley of the Financial Times sums it up nicely;

After years in the doldrums, buy-to-let is again being hailed as a key tool for investors, against a backdrop of miserable savings rates and uncertainty over pensions.

Rising rents are tempting thousands of savers to invest in rental properties and who can blame them? The average easy access savings account now pays an average of 0.78 per cent. In comparison, rental income is rising on the back of strong demand from would-be buyers struggling to raise big enough deposits to buy their own homes.” ©FT.COM

Take advantage of our unique knowledge. We will gladly assist you in your search for the perfect buy-to-let and even search properties in other agencies portfolios for no additional fee.T’s & C’s apply.

Get in touch today and ask about out Buy-To-Let services 01786-448812.

Omeed Farzin, Sales & Lettings Manager, Martin & Co Stirling ©

Next week: Buy-to-let top tips