Partick Thistle top the table (for property investors at least)
Partick Thistle have been crowned champions of the SPL – at least when it comes to returns for property investors.
Research from leading Glasgow property law firm Macrae Kaur LLP released as the Scottish Premier League season comes to a close shows what the league table would have looked like if the teams were ranked on property yield instead of points.
Despite finishing 6th in the real table – and last of the three Glasgow teams – the Jags top the table when it comes to potential returns for property investors, with two-bedroom properties in Maryhill offering rental yields of 10.4%
Rangers rise a place to second, with returns of 9%, while champions Celtic slump to ninth, with East End properties yielding returns of just 6.6%
Hamilton Academicals are the best off under the rental yield table, rising from 10th in the actual table to a Europa Cup-place sealing position of 3rd, with a yield of 8%.
Title runners-up Aberdeen may have been not far off the Champion’s League on the pitch, but their performance off it was distinctly Championship, with rental yields of just 4.9% placing the Granite City 11th. Hearts came bottom of the table with Edinburgh’s Gorgie district offering returns of just 4.4% to investors.
The final table is as follows:
- Partick Thistle – 10.4%
- Rangers – 9%
- Hamilton Academicals -8%
- Kilmarnock – 7.3%
- Dundee – 7%
- Ross County – 6.9%
- Motherwell -6.8%
- Inverness Caledonian Thistle – 6.1%
- Celtic – 6.6%
- St Johnstone -5.8%
- Aberdeen -4.9%
- Hearts -4.4%
Jatinder Chall, heads the Property law team at MacRae & Kaur Solicitors.
“We wanted to see if there was any correlation between Scottish football team’s on the field performance and the performance of the local property market – and with Patrick winning the title we have to admit our results were at best inconclusive!
“These figures are only a bit of fun and obviously shouldn’t be used as a basis for investments – even if a case can be made for properties near football grounds having higher demand among fans – but what’s striking about them is that they do show Scotland to be a terrific place to invest in residential property.
“To put the figures into perspective, if you rent out a property near an SPL stadium you can expect to make 6.9% on your investment. That compares to average rental yields of 3.2% for properties in London, 2.7% for somewhere like Cambridge and 1% for average easy access savings accounts.
“With comparatively affordable property prices and historically low mortgage rates now is clearly a terrific time to invest your savings in Scottish property, whatever team you support”.
MacRae & Kaur are one of Glasgow’s leading commercial and residential property specialists, with clients ranging from private property owners to banks, high street retailers and multi-national corporations.
With 25 years experience the firm has successfully organised multi-million-pound developments throughout the UK and managed business expansion and movement of premises throughout Glasgow.