Property investors aiming for the best returns on a UK holiday let should avoid England’s south coast and instead go for northern and Scottish towns and cities.
Retirees are flocking to the holiday let market to cash in on a boom in UK tourism.
A study by the mortgage lender Together found that Dundee, Glasgow and Fife gave the best returns.
Dundee, Glasgow (pictured) and Fife give the best returns, according to study
The average return on a Dundee holiday let is 15.1 per cent. In Glasgow and Fife, it is 14.1 per cent.
In Cumbria and Merseyside, it is 12 per cent and 11.6 per cent respectively. All are popular for short breaks.
RELATED ARTICLES Previous 1 Next More mortgages handed out than at any time the since… Britain’s most expensive cities become more… ‘Building more homes WON’T cut house prices’: Rock bottom… Where can recession-fearing investors squirrel away their… Share this article Share HOW THIS IS MONEY CAN HELP Save money on buy-to-let: Find a cheaper mortgage and get fee-free advice
To work out the return on your investment, divide your annual letting income by the cost of the property.
Marc Goldberg, Together commercial chief executive, says: ‘As our research demonstrates, landlords can make good returns if they invest wisely.’