It is an odd time for those who are in the buy-to-let game. George Osbourne’s so-called “tax time bomb”, set years ago by the then-chancellor is set to hit landlords with regulations and taxes remove a great degree of profitability from the market. This has led to many headlines across the press claiming that the uptake of regulation is the death knell of the buy-to-let market for many keen investors.
It’s not all doom and gloom, however. The property market in many parts of the UK looks set to be sunny in outlook, with great opportunities for property investors to turn over money in places that are on the way up. One place that’s identified as fertile ground is my hometown of Glasgow. With buy-to-let yields hitting 7.8% on average, it’s certainly an area to think about.
A lot of regeneration has made Scotland’s largest cities one of the most desirable places to live in the UK, and today we will look at where is the best place to look for a profitable property.