Sell My House Quickly in Glasgow
Sell My House Quickly found another interesting article about properties in Glasgow and Guide to Glasgow Property Investment.
In recent years, UK property investment guides have often echoed each other in telling people to shift their eyes from over-priced London towards the north. And while the property markets in many post-industrial cities in the North of England make for excellent investment opportunities, Scotland’s largest city, Glasgow, offers a uniquely attractive location for your property investment.
It wasn’t that long ago that Glasgow was seen as a grey, post-industrial city with many areas suffering from deprivation, poverty and crumbling buildings. However, this image has slowly shifted in recent years towards a more lively, cool image that has made the city a popular home to students, creatives and tech entrepreneurs alike. It has a vibrant art and music scene, busy nightlife and the best shopping opportunities Scotland has to offer.
This, coupled with the city’s affordable house prices, makes the city a very attractive place both for living and investing: while the average house price in London has hovered around the £666k price point for the last 12 months, the same figure in Glasgow sits at just £179k according to Zoopla.
As for rental income, investors can expect a good yield, with the average rental yield sitting at an impressive 7.8% compared to the UK-wide average of 4%. Rents are also rising steadily in the city, with a report from last year highlighting a 2.9% increase in the average year compared to the previous year, compared to 1.7% across all of Scotland.
Since preparing to host the Commonwealth Games in 2014, Glasgow has experienced a great deal of regeneration in areas that in the past were considered undesirable for buy-to-let investors, such as those on the 20-mile long Clyde Waterfront.
We found this article about Guide to Glasgow Property Investment on Cox&Co. Kindly click the link to read the full story.
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