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A recent study has found that Scotland has been placed again at the top of the rankings when it comes to property affordability.
L&C Mortgages compiled data and analysed the results.
The top position goes to ‘East and North Ayrshire’ with beautiful coastlines and great places to eat, drink and shop. This is a great place to invest in 2024.
Meaning this is the most ‘affordable’ place in the UK to purchase a house.
In the second position is “North Lanarkshire’ perfectly situated in the heart of Scotland, with great transport links to the rest of Scotland and the UK.
Claiming the ‘third’ spot is ‘Durham’’. This is no surprise given the high rental returns and cheap asking prices.
The 4th spot has a ‘joint ranking’ between 3 areas, Inverclyde, East Renfrewshire and Renfrewshire. Inverclyde has some stunning coastal scenery and is just a 30 minute car ride away from Glasgow. East Renfrewshire has been cited as being a great place ‘to do business’.
East Lanarkshire has claimed the 5th spot. There is a very high demand for housing in this area, with an abundance of little towns and villages there is a great mix of both town and rural lifestyles. The high demand means that there is plenty of opportunity for investors. Often viewed as a ‘hub’ for commercial and administrative business’.
This is great information to have if you are considering making an investment in Scotland, wherever you may be based. These are very favourable income to house price ratios that demonstrate that it is easier when budgets are limited to invest in Scotland, compared to the rest of the UK.
If you are looking for a low-cost, low-risk invesment, then why not consider an asset-backed investment with Murray Property Holdings.
Chat with one of our friendly team about the endless possibilities for your investment journey.
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