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Invest In Edinburgh

Edinburgh property investment has quickly and quietly become one of the best forms of buy to let investment in the UK. Thanks to a combination of high salaries, a prestigious leading university, a well-educated and professional workforce and the prestige of the city itself, properties for sale in the Edinburgh buy to let market have become both highly prized and very affordable in relation to many other parts of the UK. There are many factors in play that make Edinburgh property investment a safe, secure and profitable venture; the opportunity to invest in Edinburgh buy to let cannot be missed.

Edinburgh Property Investment

Edinburgh is the leading seat of power and history in Scotland. The capital city of the UK’s most northern country is cloaked in a past that gives it a unique sense of prestige. Mixing the modern with the ancient, days of now blended with days of yore, Edinburgh must be seen and experienced to be believed.

Founded in around 700 AD, granted its Burgh Charter in 1125 and achieving city status in 1889, Edinburgh has been Scotland’s capital since 1437. Fittingly, for the country that the savage and bloody Macbeth was set in, the ascension of Edinburgh as Scotland’s royal and administrative home was as grisly as Shakespeare’s famous play. It was not until the assassination of King James I in that same year that Perth was no longer the country’s capital. The foundations of Edinburgh’s modern status and prestige lies in regicide, conspiracy and political intrigue. There have certainly been more mundane beginnings to a city’s prosperity.

The seventh most populous city in the UK, Edinburgh’s city region population accounts for over one-fifth of Scotland’s entire population. It is the place most Scottish residents and the country’s tourists converge upon, and with good reason. In the ten-year period from 2006 to 2016, Edinburgh’s population swelled by over 12%, the second largest percentage increase in the country during that time. Like a lot of the rest of the country, there is still plenty of space to reside; Edinburgh has one of the lowest population densities out of all the UK’s major cities. With an average of just under 2,000 people per square kilometre, Edinburgh has a lot more room to spare than Glasgow (3,515), Liverpool (4,327) and Manchester (4,666).

Of course, that isn’t to say that Edinburgh is barren and too spread out. Far from it. Rather, the city is lined by narrow, cobbled streets that constantly evoke the city’s grand, rich history. The city’s populace moves in and around these arterial links with the past, snaking around historical monuments, a bustling retail sector and some of the finest bars and restaurants in the whole of the UK. Indeed, Edinburgh has the most Michelin starred restaurants in the UK.

Edinburgh is a powerful economic engine not just for Scotland but for all the UK. The city has the second-highest gross value added (GVA) per resident, with only London bettering it. That affects Edinburgh’s other economic statistics, with an employment rate higher than the Scottish average (73.6% to the 71.8% average), the lowest unemployment rate in the UK and a strong showing in the average salary table, second only to London at £27,8000.

Property Investment Edinburgh Scotland

Why You Should Invest In Edinburgh Buy To Let

The Edinburgh buy to let market has enjoyed a strong surge of late. The rapid and sudden growth in prices and properties for sale in Edinburgh means that to invest in Edinburgh buy to let property is a more attractive notion than ever.

Like cities such as Liverpool and Manchester, student accommodation has been a key driving force in the growth of Edinburgh property investment. The low population density and relatively high salaries and GVA displayed by Edinburgh means there are plenty of high end properties for sale in Edinburgh, such is the strength and wealth of the market. Conversely, the market for Edinburgh property investment is a stable, secure and profitable one, still with plenty of room for growth. The opportunity to invest in Edinburgh property should not be missed.

House prices in Edinburgh have soared in recent times. Year on year, appreciation of Edinburgh property grew by 7.1%, outperforming almost every other area in the country. By comparison, London’s rate of growth over the same period was 0.4%. Even with this increase, house prices are still low relative to other areas and the national average. The average house price in Edinburgh stands at £225,300; less than double that of London.

Edinburgh Property Investment Scotland

This current rising trend for property prices in Edinburgh is the fastest growth experienced by the city’s property market in a decade. This growth is being fed by an industrious approach to home building, a rise in properties for sale in Edinburgh and a growing willingness to invest in Edinburgh buy to let.

Home building numbers have steadily increased in Edinburgh since the turn of the decade. By 2016, 2,069 new start builds had been completed in the city. Since the turn of the century, 26,609 new build completions had occurred in Edinburgh. The high demand is still there, with Edinburgh’s population growing by double figure percentages across all age range demographics. Such growth saw Edinburgh’s population exceed 500,000 for the first time in its history, and there is no indication of any slowdown in the next few years.

For those who are looking to invest in Edinburgh buy to let, the facts and figures speak for themselves. Of the top 25 postcodes in the whole of the UK, Edinburgh has five of its own in that list. For the city to account for one-fifth of the country’s highest yielding postcodes speaks volumes about the quality of the properties for sale in the Edinburgh buy to let market and gives more than enough reasons as to why you should invest in Edinburgh.

Buy To Let Property Investment Edinburgh

The EH8 postcode, accounting for the University of Edinburgh, is the fourth highest yield postcode in the country and offers a fantastic 10.62% return for buy to let Edinburgh investors. EH11, EH12 and EH9 come in at 13th, 14th and 15th place respectively.

EH11, taking in Sighthill, Gorgie, Stenhouse, North Merchiston and Saughton, provides buy to let Edinburgh investors with a generous 8.03% rental yield. EH12, covering Haymarket, Murrayfield and Corstorphine, gives investors a handsome 7.88% return. Similarly, EH9, including Marchmont, Grange and Blackford, provides investors with the same 7.88% rental yield.

Rounding off the Edinburgh buy to let contribution to the top 25 list is EH16, the postcode for Liberton, Craigmillar, Prestonfield, Niddrie and The Inch, brings in a no less fantastic 7.70% yield for buy to let Edinburgh investors.

It is no accident that EH8, the university district of the city, has such high returns for investors. The University is a prestigious higher education institute that has long provided a welcoming environment for students since 1582.

Edinburgh’s Seat of Learning

The University of Edinburgh is ranked 6th across Europe and 18th in the world. It is also the sixth oldest University in the English-speaking world. Its alumni include such prestigious names as Alexander Graham Bell, Robert Louis Stevenson, Sir Arthur Conan Doyle and Charles Darwin. Three former UK Prime Ministers also attended the University of Edinburgh: Gordon Brown, Lord Palmerston and Lord John Russell.

Edinburgh is home to six universities in total. As well as the University of Edinburgh, the city has Herriot Watt, Edinburgh Napier, Queen Margaret and the more specialised institutes of the Royal College of Surgeons and Scotland’s Rural College. These universities cater to the 60,000-strong student population that live and study in Edinburgh. Nearly 45,000 of these students are undergraduates, with just under 17,000 carrying on their studies in the city as postgraduates.

Such a strong nurturing of its higher education institutes and output has a fantastic knock-on effect for the city. Edinburgh has the highest percentage relative to its population of members of the workforce who are educated to degree level, with 55.1% of Edinburgh workers having achieved such a status.

Student accommodation forms the backbone of properties for sale in the Edinburgh buy to let market. Indeed, there has never been a better time to invest in the sector. Certainly in this city, where the Edinburgh buy to let student accommodation market has become one of the biggest in the UK.

Like Liverpool and Manchester, student accommodation for sale in the Edinburgh property investment market has benefited from an agitated and unpredictable pound in the wake of Brexit. Overseas investors from the Middle East, Singapore, China and Russia have all found themselves looking to invest in Edinburgh buy to let student accommodation.

Buy To Let Property Investment

History and Tourism of Edinburgh

The Edinburgh of today is a tourism powerhouse. The dark whispers of a storied, bloody history are known the world over, attracting tourists in their droves. Outside of London, Edinburgh is the UK’s most popular tourist destination. It draws over 1.6 million people, over half a million more than its nearest contemporary, Manchester. This is with good reason; Edinburgh is not exactly lacking when it comes to attractions.

The city skyline is dominated by the breathtaking and awe-inspiring Edinburgh Castle. The castle sits atop an extinct volcano, established as over 350 million years old. The castle is both imposing and beautiful at once; its position on the huge, gnarled rock offset by the beauty of the structure’s architecture. While being able to overlook its citizens and the city when in operation, the castle will have maintained an incredible defensive position, making any attacks on it extremely difficult to co-ordinate and instigate.

Although the castle ceased to be a royal residence in the 17th century, it remains the city’s top tourist attraction. Around two million people per year visit Edinburgh Castle and its importance to the city’s economy cannot be underestimated.

As you may have guessed, Edinburgh’s history is one steeped in blood, intrigue and all manner of strange happenings. The Real Mary King’s Close brings the strangest and most horrific sides of the city’s history to life.

But don’t be put off by potential spookiness and the promise of horror, it is the attraction’s unique selling point and keeps visitors coming year after year. Mary King’s Close is located underground, underneath the ever-busy Royal Mile. For centuries, the area remained shrouded in myth, legend and old wives’ tales. The Close was completely built over and closed off to the people of Edinburgh in the 18th century to make way for the building of the Royal Exchange, now known as Edinburgh City Chambers. With its enforced public absence, the stories grew in stature as generations of Ednibronians swapped tall tales and ghastly legends among themselves.

Edinburgh Castle Buy To Let Property Investment

Yet time has a funny way of changing things, and now it’s impossible to keep huge numbers of tourists away since the area was opened to the public in 2003. The narrow, dingy, dark streets have remained untouched since they were built over, and it really is like stepping back in time. Guests and adrenaline junkies will simply adore the winding passages that are steeped in shadow, the costumed actors who make the experience real and interactive and the chance to experience a real slice of history not tampered with.

The annual Fringe Festival is Edinburgh’s most famous modern event and cultural export. The world’s largest arts festival takes over the city for a month, becoming the talk of the world of creative culture. Over the course of a month, the city plays host to tens of thousands of performances of all manner of expression. From stand-up comedy to drama to the avant-garde, Edinburgh is the place to be every August for anybody with even the slightest inkling of interest in the arts.

Now into its 71st year, the economic impact of the Edinburgh Fringe on the city and Scotland is incredible. As of 2015, the Fringe was worth £279.65 million to Edinburgh and total of £321.66 million to Scotland. The Fringe is also a job-creation juggernaut, giving work to 5,660 people per year, and a total of 6,021 across the rest of Scotland.

The Regeneration of Edinburgh

A city as concurrently historic and forward thinking as Edinburgh is always thinking of that magic word: “regeneration”. Much like a lot of other parts of the UK, the Scottish capital is planning or in the middle of regenerative projects that will ensure the city remains a viable economic contender well into the 21st century.

The Royal Mile Edinburgh Property Invest

Leith Walk, one of the longest streets in Edinburgh, connects the port area of the city with the centre, is one of the city’s main pedestrian and transport routes. Leith Walk is currently undergoing an almost constant amount of regeneration work to keep things running as smoothly as possible on this famous old road. Just over £9 million has been committed in the last five years toward resurfacing roads and pavements, improving traffic and junction signals and the reinstatement and restoration of public artworks.

The city’s canals, once a lesser known part of Edinburgh’s history and structure, enjoyed a renaissance at the turn of the century. The subsequent regeneration plans encompass a focus on environmental conservation, the creation of seven ‘canal hubs’ and an emphasis on its attraction to visitors and how it can be used to its full potential. A city already as beautiful and picturesque as Edinburgh can only benefit in different ways from the regeneration of its wonderful canals.

The Royal Mile is long established as one of the UK’s crown jewels of history, culture and tourism. The writer Daniel Defoe said in 1723 that the Royal Mile is “perhaps the largest, longest, and finest street for buildings and number of inhabitants not in Britain only, but in the world”. Nearly 300 years later, his words still ring true.

The Royal Mile bridges the gaps between Edinburgh’s present and future, and its maintenance and regeneration are vital to keeping the city’s prestige. Like Leith Walk, authorities plan to fortify the old roads and pavements, improve the flow of traffic and pedestrians and widen access points to allow greater numbers to experience one of the UK’s most arresting areas.

The cumulative effects of these regeneration projects will bring immense benefits to the city’s economy; tourism, retail and appeal to potential tourists, students and residents. Consequently, it will provide interested parties with even more reasons to invest in Edinburgh property investment. With the market already booming and Edinburgh property investment growing constantly, it is worthwhile for the Edinburgh buy to let market that authorities conduct such thorough regenerations of their most affluent, famous and alluring areas of their city.

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