Landlords enjoy windfall from global storm
Scotland’s buy-to-let market is booming in its biggest cities as a result of the credit crunch and global stock-market volatility, according to experts.
A record number of people have being searching for homes to rent, rather than trying to buy their first property – a sign the current economic uncertainties are affecting the house buying market.
This boost to the residential letting sector makes it a good time for existing landlords, although the unsettled economic conditions are not ideal for those considering entering the buy-to-let market.
Evidence of rising demand for rented accommodation in Scotland’s two biggest cities should help reassure landlords who have been worried about talk that the buy-to-let bubble could burst.
But commentators say landlords would do well to remember that residential property – like other investments – should be viewed long term, rather than a way to earn a fast buck.
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