What is a hot spot? Well, it’s a place where renters are plentiful and property prices are low. Then the prices become high, quite quickly. And the place is no longer a hot spot, but a prime location.
An article by Rosie Millard, The Times, on the 5th of March in probes this question and Ajay Ahuja is asked on his expert comments. Yet again, he re-iterates his emphasis on high yields and low cost.
Ahuja says he can get a 12% yield on a two-bed house there: he buys it for £30,000 and rents it out for £300 a month. “England has yields of 3%-6% and Wales has 8%. Scotland is the only place with double-digit yields, although I haven’t been to Northern Ireland yet.”
To read the full article on identifying hotspots click here.
Posted on: 26th Feb 2008