A leading agent is advising homeowners to let out their property rather than sell it.

Nicky Lloyd, Head of ESPC Lettings in Edinburgh, says that with increasing demand for rental homes, strong yields, and rising property values, it makes sense to rent out property.

There are several key advantages of renting over selling at present, she says.

High demand

The Edinburgh property market is very durable, and property prices continue to rise, meaning homeowners who retain their property can benefit from long-term capital appreciation while earning rental income.

And the city’s high demand for rental homes from students, professionals, and families provides property owners with a steady stream of potential tenants.

In a rental market that’s seen an increase in rental yield over the last five years, there is plenty of opportunity, she says.

Yield above 7.5%

She says there are areas in Edinburgh where the rental yield is more than 7.5%

Letting a home offers an alternative revenue stream, helping to offset mortgage payments and other financial commitments. It also allows homeowners to maintain some flexibility.

Homeowners who choose to let rather than sell stand to gain from both rental income and increased property value.”

“With property prices showing consistent growth, homeowners who choose to let rather than sell stand to gain from both rental income and increased property value over time,” she says.

“Homeowners looking to move are encouraged to explore the advantages of letting and make informed decisions about their property’s future.”