Investors from China and the Middle East are snapping up buy-to-let properties in Scotland’s biggest cities as London’s housing market stalls.
New data reveals that wealthy individuals from Singapore, Hong Kong, Kuwait and Dubai are choosing to buy in Scotland because profits are now potentially higher.
Grant Property, an investment company with offices across the UK, has seen acquisitions in Scotland by foreign clients rise by 30 per cent over the past 12 months.
The company now looks after the assets of 44 investors who have bought traditional flats in student areas within Edinburgh and Glasgow with a view to building a property portfolio and renting out their properties to young people.
“Because of the slowing of growth in the London market, we are now…