18 Jul 2022

A Good Time to Invest in the Private Rented Sector

A Good Time to Invest in the Private Rented Sector

The shortage of property to rent continues to be a critical issue for people around the country, nowhere more so than in Aberdeen and the North East. 

With increased demand and lack of supply, this has the almost inevitable consequence of pushing up rents – in Aberdeen’s case up 3.4% compared to the same time last year.

As a result, it is a good time if you are looking to invest by becoming a landlord or if you’re looking to add to your portfolio

Aberdein Considine’s Portfolio Lettings Manager, Karolina Robertson said “It’s no secret that the housing markets in Glasgow and Edinburgh are extremely hot, with house prices continuing to rise but in Aberdeen City, there is an abundance of potential buy-to-let properties for sale and with prices still at historically low levels this could well be the right time to explore the market”.

She added “With interest rates still at the lower end of the scale and the cost of buying much cheaper than in our two biggest cities, the potential yield, or overall return, in Aberdeen is extremely attractive”

Of course, becoming a landlord is not a decision to be taken lightly or in haste – whilst the returns can be attractive, there is a great deal of responsibility and the rules and regulations can be complex.

As a law firm, financial adviser and letting agent, Aberdein Considine can assist landlords of all types with any legal issues and ensure they meet their statutory obligations. The consequences of not doing so can be serious and expensive.

Aberdein Considine’s portfolio management service provides a genuine all-under-one-roof solution for landlords. Whether you have just started to think about property investment, or plan on growing your existing portfolio we are here every step.

By offering property, legal and financial services together, we help property investors see opportunities that others can’t. 

In addition, you can also provide yourself with further security through services such as our Landlord Guarantee scheme – in short, this ensures that you receive your rent for six months if your tenant is unable to pay and covers any legal costs in areas of dispute with a tenant.

One of our valued portfolio clients, Charles Skene of Skene House Apartments recently commented “We are delighted with our experience of working with Aberdein Considine.”  He added “Each person in the team has gone above and beyond, is highly professional and delivers excellent customer services to us as landlords,” Karolina said, “Feedback of this type from one of our portfolio clients, who is also a well-respected local business leader, is very much appreciated”. 

Karolina concluded, “If you do own a second property or are considering a property investment, you could do worse than look at the northeast and in particular Aberdeen City – but get some advice first – it’s good to talk”.

Ready to invest? We've picked six Aberdeen properties with buy-to-let potential. 

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