Scotland is best country in UK for buy to let with Glasgow the best city

Scotland is the best buy to let location in the UK based on the speed at which landlords can recoup their investment on both property price and stamp duty costs, based solely on annual rental return. The research from estate and lettings agent Benham and Reeves shows it takes 17.7 years to do so in Scotland and the country also has the city with the quickest period, taking 13.3 years in Glasgow. Northern Ireland was the second quickest country in the UK at 18.9 years, followed by England at 25 years and then Wales at 26.4 years. After Glasgow the best city location is Belfast at 15.8 years and then Aberdeen at 17.8 years. When it comes to London, the borough of Tower Hamlets is the best buy to let location for landlords with annual rental income taking 21.4 years to return the average house price and stamp duty costs of £452,821. Next was Barking and Dagenham at 22 years, Newham at 23 years, Greenwich at 23.5 years and Enfield at 25.7 years. Nottingham was the quickest area in England to see rental income recoup the cost of buying a property at 18.4 years, followed by Newcastle at 18.5 years.

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