Property Markets

[andrewducker]

Just throwing around some figures and briefly considering buy-to-let. It makes _no_ sense in Edinburgh, as far as I can see. Monthly rent for a decent place like this is £900 for a three bedroom place. Wandering over to a mortgage calculator, I note that for £900 mortgage repayments I could borrow about £130k, on a £160k place. Which would not get you anything like as nice a place as that, nor as close in.

Baffling - is buy-to-let as poor an investment elsewhere in the country?

Comments

[a-pawson.livejournal.com]

That would be the case if rents had kept pace with house prices, but following the ridiculous increases in house prices in the past 5 years, that hasn't happened, making buy to let a very poor investment in most parts of the country. Buy to let only really works because most landlords bought the proerty a few years ago at a time when rents were comparable to mortgage repayments.