Best Places in the UK to Buy Short-Term Rental Properties

Top Places to Invest in Short-Term Rental Properties in the UK

Whether you prefer picturesque rural settings or urban centres, a few regions in the UK stand out for profitability and market demand when it comes to investing in short-term rental properties. Here are some of the top locations for buying rental properties.

1. Edinburgh

Edinburgh is one of the top urban areas in the UK known for its potential to produce high rental yields. Edinburgh is visited by millions of people every year due to important international-level events such as the “Edinburgh Fringe Festival” and the “Hogmanay celebration”. It has cultural and historical sites among them being the Edinburgh Castle and the Royal Mile hence people travel all year contributing to high occupancy of rental accommodations.

2. Manchester

Being a media and technology hub, Manchester attracts both visitors and businesspeople. It is an economically growing city thus, suitable for short-term lettings. Places like Ancoats or New Islington go through the process of urban renewal changing former industrial buildings into contemporary living and workplace.

3. London

Being a global tourist and business destination, London is ideal for luxury rentals. Tourism, business and event attendance make London one of the key visited cities in the world, therefore it holds some of the highest rates per night as compared to other cities in the United Kingdom. Although it took time and a lot of money to get properties, it may pay off big as property values appreciate over the long term, especially in great markets like the Central London, Camden, or Kensington markets. However, competition is high, and the local legislation may be very rigid.

4. Bristol

Bristol is a perfect place for investing in short-term rentals due to the arts and culture along with the historic charm that attracts growing tourism to the city. Bristol continues to attract visitors including tourists, business people and weekend tourists. Visit Clifton Suspension Bridge, SS Great Britain and Bristol festivals are among the attractions that continue to pull tourists throughout the year. Seasonal tourism is complemented by leisure and business travellers. Creative and digital Industries, universities and technology companies also attract people to the city of Bristol.

5. Leeds

Leeds offers excellent prospects for investing in short-term rental properties because of many advantageous aspects. The city's thriving student population helps maintain demand for short-term rentals, and certain neighbourhoods, such as Hyde Park and Burley, provide high rental yields of up to 8%. The market is also supported by the fact that Leeds is home to four major institutions and that many professionals are moving there.