You are here: Home - Mortgages - Buy To Let - News -

Glasgow top for student rent

Written by:
Glaswegian landlords are enjoying the highest rental yields in the country on student lets, according to Zoopla research.

Buy-to-let investors in the UK’s fourth largest city saw average yields of 4.95% on a typical four bed student property. Landlords in Hull, Manchester, Cambridge and Bristol also saw strong returns.

A Zoopla spokesman said landlords had to take into account student demand, property supply, average property values and average monthly rents: “There is no apparent North-South divide when it comes to student buy-to-let investments.

“A number of towns in the North are showing higher gross yields than the South as a result of property values having remained lower over the past few years whilst rental demand has increased.”

Private rents rose by 1.2% across Britain in the twelve months to August 2013, the Office for National Statistics private rental index found.

London saw the highest increase, at 1.9%, followed by Scotland and Wales at 1.3%. Excluding London, British private rents crept up by just 0.8%.

Rentify chief executive George Spencer said the modest rise in rents concealed significant regional differences: “In some parts of London, for example, there is huge upwards pressure on rents in areas where rental property is in great demand and there is a shortage of stock but in other parts of the country rents are languishing or even falling and landlords are faced with void periods.”

Small rent increases also reflected landlords’ preference for long-term, reliable tenants over higher profits, he added.

Tag Box

There are 1 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week