Scotland: A Hotspot for Luxury Property Investment
With stunning areas and fantastic architecture in abundance in Scotland’s main cities, the country is fast becoming more and more popular with landlords hoping to invest in luxury property. With rent rates not nearly so high as they are in London, Scotland is a great alternative to those who are perhaps just starting out in their portfolios and have slightly less to invest.
Scotland boasts incredible rugged mountains, stunning countryside and breath-taking lochs which attract masses of tourists all throughout the year. The popularity of Airbnb’s has consequently skyrocketed, and you can find one in practically every corner of the country, ranging from cheap stays to full luxury villas and apartments.
There are also several cultural events throughout the year that draw tourists en masse to the country, such as the Edinburgh Festival, Hogmanay and more. During these times, demand for short term lets and Airbnb’s balloon to bursting, which in turn drives up rental prices.
Glasgow, Edinburgh and Aberdeen are Scotland’s largest cities, and they are growing rapidly. This is a great time to get the foot in the door with Scotland’s luxury property market, as you can get much more for your money than you can in London. Not only this, you can also sit back and watch as your properties accrue more and more value over the years.
There are stunning historic sandstone tenements and terraced homes across the city in areas like the West End, Giffnock, Shawlands and Bearsden. For those looking to invest in new build housing, it’s better to look slightly farther afield to areas such as Stewarton or Monkton which are located just outside the city. However, areas within the city, such as Finnieston and the West End, have seen a boom in luxury apartments being built and sold.
The most sought-after areas in Edinburgh are Bruntsfield/Morningside, with beautiful green spaces, bespoke shops and historic pubs on offer, Dean Village which is like stepping into another world. Full of stunning cottages, winding rivers and characterful bridges, Edinburgh’s sprawling cityscapes are not to be missed, even Haymarket, a very central area offers classic architecture amongst modern amenities.
In Aberdeen, there are beautiful homes featuring the classic grey, silver granite most commonly seen in Old Aberdeen. Meanwhile, the rest of the city is home to gorgeous terraced houses in Ruthrieston, Garthdee and Bridge of Don. If you’re looking for something in the suburbs, Cults and Bielside offer fantastic local amenities and highly rated schools.
If the sound of a luxury home in a fast-paced city, with the stunning countryside on your doorstep sounds appealing, we can help you make that dream a reality. It may seem overwhelming purchasing a home outside of your own area, however with our expertise we can guide you through the process, hassle free.
Contact us today if you have any questions and we’ll take care of the rest.
I have been working with ZFA for 4 years and they manage my full portfolio. I don't need to worry about a thing, they manage every aspect of my properties - highly recommended.
Mr Stephen Jones