"Compare My Move found a 28.7% rise in Londoners relocating to Scotland last year. But plenty more are buying without moving. They are building rental portfolios in Edinburgh, Glasgow and Aberdeen while keeping their London jobs and London lives. The appeal is straightforward. Try buying an investment property in London on a normal salary. The sums rarely stack up. Rental yields in the capital hover around 3%. After mortgage payments, maintenance and voids, the monthly profit disappears."
"Take a £150,000 Glasgow flat. A 25% deposit means £37,500 down. Rental income around £900 per month. Mortgage payments on £112,500 at current rates eat perhaps £500. Factor in maintenance, insurance, management fees and void allowance. The monthly profit might land around £150 to £200. Not retirement money. But repeat that across three properties and the picture changes. £500 per month in passive income covers bills. It builds equity. It compounds over time."
Property investment has become a major side income for many Londoners, with growing interest in Scottish markets. Compare My Move recorded a 28.7% rise in Londoners relocating to Scotland last year, while many others buy properties there without moving and keep their London jobs. London rental yields average about 3%, making buy-to-let marginal on typical salaries. Glasgow averages 6.73% yields, Edinburgh 4–6% and Aberdeen around 5.5%, with much lower prices—Edinburgh average £292,000 and Glasgow two-bed flats around £150,000. Small positive monthly cashflows multiply across multiple properties, creating meaningful passive income and equity growth over time.
Read at London Business News | Londonlovesbusiness.com
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