For those who own their main residence, outright, and may not be affected by mortgage concerns, this could be a good time to explore investment properties and the potential for a return on your investment.
Here are 3 factors that make investment properties in Morayshire attractive:
- There is always a need for quality rental properties, especially in today’s market where demand is outweighing supply – be it short term lets or family home rentals.
- In this post-pandemic era, more people are working from home and therefore are more flexible to live away from city centres, with a preference towards rural and coastal communities like ours.
- For those who find themselves in the position of needing to move but not garnering their desired selling price, they may choose to let their own property and find a rental for themselves.
From seeking a change of use for a commercial property to become short term lets, to getting a good deal on a place that needs work, consider taking advantage of the competitive purchase prices predicted for 2023 with an investment property.
Our in-depth knowledge of the local market can help provide crucial understanding of property potential and neighbourhood insights. Contact us to discuss your next property purchase!
Source: https://www.bbc.com/news/uk-scotland-63320045 What next for Scotland's housing market?
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