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EXPERT ADVICE

Letting your property: A growing trend Edinburgh’s rental

among Edinburgh home movers market remains one
of the strongest in
A closer look at why more movers are choosing to rent out rather
than sell in the capital. the UK. We are
currently seeing
many areas with
s Edinburgh’s property market Why let instead of sell?
continues to thrive, savvy There are several key advantages of strong rental
A homeowners can benefit from renting over selling. Firstly, the Edinburgh
letting their property instead of selling. With property market is exceedingly durable and yields.
increasing demand for rental homes, strong property prices continue to rise, meaning
yields, and rising property values, Nicky homeowners who retain their property can
Lloyd, Head of ESPC Lettings, highlights benefit from long-term capital appreciation
the financial and strategic benefits of while earning rental income.
holding onto existing properties as rental
investments.
Alongside this, Edinburgh’s high demand for
rental homes from students, professionals,
and families provides property owners with
a steady stream of potential tenants. In a Letting a home offers an alternative revenue Expert advice for homeowners
rental market that’s seen a steady increase stream, helping to offset mortgage payments For those considering letting, I always have
in rental yield over the last five years there is and other financial commitments. It also allows some clear advice. Initially, seek a free
plenty of opportunity. homeowners to maintain some flexibility. rental valuation to understand the earning
Selling is a permanent decision, whereas renting potential of the property. Engage with
allows homeowners to keep their options open, mortgage advisors and letting specialists
whether they wish to return to the property or to explore financial and tax implications.
sell at a more favourable time in the future. Finally, decide between self-management
or working with a professional letting
The financial value of letting agency (like ESPC Lettings) for a stress-free
Edinburgh’s rental market remains one of experience.
the strongest in the UK. We are currently
seeing many areas with strong rental yields. Homeowners looking to move are
For example, one bed flats in EH3 (including encouraged to explore the advantages of
Fountainbridge and the West End) gaining letting and make informed decisions about
rental yields of 7.6% and three bedroom their property’s future.
homes in nearby EH11 with 7.8%. With
property prices showing consistent growth, For expert advice on how to successfully let
homeowners who choose to let rather than your home in Edinburgh, contact Nicky and
sell stand to gain from both rental income the team at ESPC Lettings.
and increased property value over time.

ESPC Lettings is an Edinburgh letting agent. We can help with marketing your rental property and finding the right tenants.
Contact the team on 0131 253 2847 or landlord@espc.com.
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