15th February 2008
Imagine Homes earmarks Edinburgh as prime investment opportunity
Imagine Homes, the UK's leading buy-to-let specialist, is offering investors the opportunity to purchase new flats situated within walking distance of Edinburgh, the city voted the number one place to live in the UK*.
Princes Place, Edinburgh is a high specification, newly built development that comprises 25 stylish two bedroom buy-to-let apartments starting from £182,000.
Boasting a strong economy and employment market and a booming tourist industry, Edinburgh is ripe for buy-to-let. Princes Place occupies an enviable location and is one of only a handful of new build developments in the City centre, making it a desirable commodity on the rental market.
Grant Bovey, Chief Executive of Imagine Homes believes Princes Place presents the perfect opportunity for those looking for an affordable and secure investment in one of Britain's most popular cities. He comments, "The property market in Edinburgh is buoyant due to the regeneration of the City and its status as a European capital. The number of people in employment here is growing at a rapid rate which has bolstered the buy-to-let market significantly. This, together with the City's world-renowned tourism sites, means that investment prospects here are particularly strong."
Famous for its castle, architecture and arts festival, Edinburgh is also Europe's sixth largest financial centre and has a strong public sector employment presence. Multi-million pound regeneration projects are underway across the City, including the St James Shopping Centre and Princes Street. As a result, Edinburgh is in a period of unprecedented growth with an estimated 30,000 new jobs in the City and 50,000 new residents moving to Edinburgh and the Lothians in the coming decade.
The apartments at Princes Place are spacious and contemporary in design with high quality interior fixtures. Occupiers will also benefit from secure underground car parks and additional surface parking. Coupled with the developments’ fantastic location and accessibility to transport links, Princes Place represents the very best in stylish and convenient living in the heart of one of Europe’s most historic cities.
Imagine Homes offers its customers a hassle-free way to invest in residential buy-to-let. Through its expertise, Imagine Homes source quality new build opportunities in excellent locations throughout the UK with strong capital growth and rental prospects. Imagine Homes also finds the tenant, manages the property and guarantees the customer a unique rental return of 7.5% of the purchase price per year for the first two years.