LANDLORDS looking to boost their returns should consider snapping up properties in Glasgow, new research suggests.
Scotland’s largest city came out third in the UK for highest rent yield measured against the cost of buying a two-bedroom property in research carried out by Zoopla, excluding London.
In Glasgow, the average monthly rent was £775 for an average property price of £116,902 £775 giving a predicted yield of 7.96%. Rochdale came out top followed by Blackpool.
Annabel Dixon, of Zoopla, said: “Despite the challenges facing the sector, yields - particularly in north England and Scotland - match up well against other forms of investment.
“It’s no surprise that towns further south provide lower yields. “House price growth has slowed, but property is still considerably more expensive in these locations, meaning that even with higher rents, the returns are more limited for landlords.
“However, there are still pockets of opportunity for those who thoroughly research their local housing market.”
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