Residential Investment
Residential property continues to be a most popular investment vehicle with excellent medium to long term returns though an overall softening in the market has resulted in a marked change in how such properties are being sold in Edinburgh. An increasing amount of residential property sales are now being carried out at fixed prices as opposed to the 'offers over' method employed in previous years.
In the past investors deciding to sell properties have usually opted for the open market, 'offers over' method in order to obtain the best possible capital return. This has necessitated terminating existing tenancies in order to market a vacant property. Now however with the fixed price option, investors have the additional choice of selling directly to another investor. The benefits to both seller and purchaser of this course of action include:
- no loss of rental as tenancies can continue throughout the selling process
- no expenditure for marketing or estate agency
- no expenditure for council tax or utilities as property will not be vacant during the selling process
- no costs to clear out property as there is a high possibility of including all contents in a sale to another investor
- attractive to prospective investor purchaser as rental income commences immediately
- transparency of income yield for prospective investor purchaser
- shorter transaction times as investors generally have immediate access to funding
At Charles White we have a substantial network of contacts interested in residential property investment. If you are actively considering selling your property or would be interested in acquiring additional properties and wish to explore the option outlined above then we would be delighted to assist. Please do not hesitate to contact us on 0131 447 8191 should you require any further information.
If you are considering selling on the open market, and would like an idea of both how this process works and what price you might expect to achieve, we recommend you speak to Savills. Savills has dedicated residential specialists in everything from city flats to large country houses throughout . They will be happy to arrange a free market appraisal of your property. Contact our Letting Team in the first instance on 0131 447 8191 and they will put you in touch with a Savills representative.
