Tuesday, February 19, 2013

Exeter - The buy-to-let property hotspot of the South West?

Recently revealed at number 3 in The Daily Telegraph's Top 10 Places to buy in the UK, it's not hard to see why Exeter's popularity is steadily increasing, making the cities buy-to-let market especially buoyant.

Here at Scott-Bates & Coles Lettings & Estates we have long espoused Exeter for its excellent transport links, top University and vibrant nightlife, but recent developments around the city have elevated its desirability to new levels. The steady development of Exeter International Airport has significantly increased the destinations available, while the new Flybe Training Centre, Hampton by Hilton Hotel, Science Park and of course the now well established Princesshay Shopping Centre, have only added further credence to the view that Exeter is one of the most desirable small cities in which to live and indeed invest.

Since SBC Lettings launched into the property lettings market in Devon & Somerset nearly 3 years ago, we have retained a number of buy-to-let investors, keen to establish long term and substantial property portfolios in Exeter. Since the start of 2013, we have been assisting these clients in the acquisition of further investment properties in and around the city centre. It did not take long to notice that despite the travails of the UK economy, prices, and therefore competition for the type of residential property offering the significant rental yields we aim to achieve for our clients, have remained extremely strong.

It seems we are not alone in recognising the many advantages of Exeter for buy-to-let investment, and are happy to guide any would-be investors looking to buy into one of the regions foremost property hotspots.