Netherlands has the best to let buy in European Union
The Netherlands has become one of the best locations to buy to let properties in the European Union with the highest rental yields of 6.57% as of April, new research shows. Belgium and Portugal are also attractive locations for buy to let investments, taking second and third position in European Union. With an average rental yield of 6.57%, Netherlands came at the top spot due largely to the relatively low price of buying property. The average one bedroom apartment costs around 110,000 pounds and three bedroom house costs around 211,000 pounds. In UK the average price of a one bedroom apartment is 179,000 pounds and three bedroom houses for 343,000 pounds. The firm suggests that the Sweden has such low yields due to the rental controls and a market that favours and this climate will deter seasoned buy to let landlords looking for decent return on their investment. The research also reveals slight differences when investing in buy to lets in city centres and suburbs and rural areas. For buy to let in city centres, Belgium takes the lead with 6.54%.This is partly due to the dominance of Brussels as an expat destination for those working at or within the European parliament, European Commission, Council of European Union and European Council. For property outside the city centre, Netherlands again has the highest yields. World First Research shows that within European Union, the Netherlands with affordable property prices is the best option and holds the highest levels of returns in Europe. The market analyst of World First, Edward Hardy explained, “Our research also shows that locations which may be appealing to British tourists aren’t the best options for property investors to get the required returns. Popular tourist and expat destinations like France, Italy and Spain rank relatively low on our buy to let scale.” He added, “If investors do decide to buy abroad, timing is also critical. Our research reveals the fluctuating currency movements can add over 12% to the price of a property abroad. Fluctuations in the last year alone have increased the price of a one bedroom apartment in Sweden by nearly 30,000 pounds.”
Tags : INTERNATIONAL