Where is the UK's current buy-to-let growth hotspot?
Last updated: 9.44am, Wednesday 31st January 2024
Glasgow is reveiled as UK's buy-to-let hotspot. Here is the detail and how you can benefit from it.
January 2024
Yep, Glasgow again!
New research has revealed Glasgow as the UK city with the biggest rise in the number and demand of buy-to-let properties in the past year, followed by Nottingham, Leeds and Bristol.
Glasgow, Scotland's largest city topped the list with a 12% increase in the number of buy-to-let properties.
London, whilst being home to over 40,000 buy-to-let properties, saw the smallest growth in the number of privately let properties.
Top 10 cities for buy-to-let properties in 2023:
1: Glasgow
2: Nottingham
3: Leeds
4: Bristol
5: Leicester
6: Manchester
7: Birmingham
8: Liverpool
9: Edinburgh
10: London
Why the demand in Glasgow for properties to buy and rent?
Glasgow has always provided a strong, safe and simple offering investors long term:
- Capital growth.
- Economic growth
- High quality job and salary creation
- Value for money in property prices
- Huge rental demand, rent levels and yields.
This recent blog highlighted those reasons in detail.
Why Is The Glasgow Economy and Property Market One of The Best in the UK?
Property, when done right, is one of the only investment classes that has surged by a whopping 974% since 1983 (according to the Halifax House Price Index).
If you would like an impartial discussion on how we can help you in starting or developing your property portfolio then please get in touch.
We will hold your hand at every stage and beyond while sharing our 42 years’ experience, knowledge and expertise as successful investors with you. Contact Us
Alliance Property Group. Making a Difference