Invest Edinburgh – Capital Growth
Alongside the above areas for investment opportunities Edinburgh contains, the city seems not to have been affected as severely by Brexit fears and doubts as some of the other major cities in the UK. Within Edinburgh property, the best areas of investment have had an impressive past twelve months in terms of their increasing value, and those with limited capital should look toward the city sooner rather than later if interested.
Edinburgh’s property market, when looking at capital growth, shows a stark difference from the dipping trends set by London in the wake of Brexit. In the fourth quarter of 2019, it was reported that growth reached 10.6% on average, far above the national average, and from May 2018 to May 2019, the increase in Edinburgh specifically reached 6.2%.
In March 2023, prices in Edinburgh grew by 1.4% compared to the year prior, showing further indication of positive growth in the future.
Investors will surely want to look towards this city (and even more so the concentration points within it) if they want to capture that lightning-in-a-bottle moment. Locals are equating this growth with the city’s ability to withstand the political uncertainty. Not every market can come to a complete standstill while the continued EU negotiations take place, and so Edinburgh is one of the outliers- an unaffected city.
The high capital growth on offer in Scotland makes the future look bright for property investment.
While you may not get the highs of locations like Liverpool and Manchester, Edinburgh could certainly be one of the best places to invest in property UK 2024 and beyond.
For the first-time buyer looking into property investment, Edinburgh is a secure choice.
The city’s consistent achievement in terms of education also only serves to bolster the Edinburgh property investment market for years to come, as prospective students will continue to come to the area for its elite academia, and then stay for its culturally rich environment and employment opportunity. The city’s employment rate currently stands at over 76%. London is often looked upon by many as the ‘place to be’ for job opportunities, but Edinburgh clearly is a worthwhile alternative.
It’s worth noting that within Edinburgh’s vast cityscape, some areas are better protected than others for passive income. The city largely trends towards the positive end of the property spectrum, but the EH4 postcode is perhaps one to avoid, with an average rental yield of 4%. This encompasses areas that begin to branch out from the demanded city centre, including Dean Village, Comely Bank, Barnton and Cramond.
For experienced investors looking to expand their property portfolio, the property investment Edinburgh market is a recommended choice for those looking even further northwards than Liverpool and Manchester. With capital appreciation on average set to rise in the city, there is a clear opportunity to make a solid return on investment.
Furthermore, with an uninterrupted flow of student tenant demand, student property investments in Edinburgh should be another opportunity that buyers should look into if wanting to expand their horizons. Purpose-built apartment blocks and flats are easily manageable for the investor with a varied property list and can be purchased singularly or as multiple clustered investments, rooted in the area going forward as it continues to thrive.
Those unsure of how to find the best property for sale Edinburgh has to offer should look to compare both the numbers and figures generated by the different areas in the city, and what prospective tenants want from their accommodation. Factors such as transport link, local amenities and proximity to the city-centre affect the tenant interest, and the potential for capital growth and fast and high rental returns result in a more sought-after location from the perspective of the buyer.