Scotland has come out on top of the best places to invest in buy-to-let property in the UK, with Glasgow offering the highest rental yield in the country.
The Scottish city offers an average return of 7.5%, with Midlothian (6.8%), East Ayshire (6.8%) and West Dunbartonshire (6.7%) coming in just behind, according to the study by letting platform Howsy.
Burnley and Belfast offered yields of 6.5%, while Inverclyde (6.4%), Falkirk (6.3%), the Western Isles (6.2%) and Clackmannanshire (6.1%) complete the top 10.
According to Howsy, North Devon has seen the best capital growth with prices rising 15% in the past 12 months.
Merthyr Tydfil and Blaenau Gwent in Wales have both seen growth of 13% year-on-year, while Caerphilly has seen prices increase 11% year-on-year.
Camden was the best performing borough in London, with property prices up 10% in the last year, while West Devon, Forest Heath, Rochdale and Monmouthshire are all up 9%.
Founder and CEO of Howsy Calum Brannan says these figures can be a huge boon to landlords looking to increase the profitability of their portfolio. Increased technology, he said, means landlords need not be limited to investing in their local area in order to manage their property, giving them more freedom to target high yield and high growth areas.
He said: “The face of the lettings sector has changed quite considerably with the advent of technology-based solutions to traditional problems, and now even the most amateur of buy-to-let landlords can own a home on the other side of the UK and manage their investment efficiently and effectively.”
“More accessibility via digital rental platforms now provides landlords with greater empowerment when managing their property portfolio and they can do so anytime, day or night, with greater peace of mind,” Brannan continued.
“The new age of letting agent not only provides this greater peace of mind but as they tend to operate on a UK-wide scale, they are better placed to deal with the day to day needs of the buy-to-let sector, whether it’s one property at the other end of the country, or a number of properties spread over different regions.
“As a result, landlords are no longer restricted to investing within the local vicinity to keep tabs on their property or forced to pay exuberant fees for an agent to do so, leaving them free to buy in one section of the market and invest in another to maximise their financial gain across the board.”