Buy-to-let landlords may turn to Scotland
by Christopher Evans
People interested in entering the buy-to-let market may be inspired to seek out properties in Scotland after hearing suggestions that it is cheaper than the rest of the UK.
David Marshall, business analyst at property marketing firm ESPC, said that the average price of a home north of the border is lower when compared to other parts of Britain.
He explained that there are many reasons for this, including differences in wages and the quality of life that a Scottish resident is likely to enjoy.
"Mortgage repayments would be lower than in most other areas," Mr Marshall added.
"The country as a whole is currently benefiting from low interest rates and those who are already in a home, and have a mortgage, will benefit from lower repayments."
Last week, a report from Lloyds TSB Scotland showed that house prices in the country increased by just 0.8 per cent in the three months to July compared to the same period last year.
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Published on: August 31, 2010
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