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Ayrshire Buy to Let review 2014

Monday, 31st March, 2014

ARLA (Association of Residential Letting Agents) have now released the Quarter 1 market review for 2014 from surveying all ARLA agents.
 
The review can be read here  and shows Scotland overall average rate of return, based on five years cash purchase, at a healthy 9.48%. Flat are seeing a slight increase at 9.56% with houses at 9.40%
 
Comparing this to the Ayrshire market  a lot of our buy to let  clients are looking for and achieving a minimum 10% return on flats and a  9.5% return on houses.
 
In Ayrshire over the last six months we have seen more and more buy to let landlords coming back into the market and with tenant demand we have seen Troon, Prestwick and Ayr showing an increase in lets while Irvine and Kilmarnock are showing steady demand.
 
 As a local buy to let specialist please contact us today if you need any advice or information on your property or if you wish us to help you purchase the right investment property for you. 
 
We can advise from rental yields to market demand  and even help you source the right tradesmen.
 
I hope you find this information useful and should you need anything then please let us know.
 
David Toner
david@rentolease.co.uk  




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