A league table has been drawn up to show which large cities in the UK have the highest demand for investment properties with tenants in situ.
Lettings management platform Howsy says the most in-demand locations are Glasgow, Leeds and Bristol.
Separately, Cardiff, Oxford and Leeds are home to the highest chance of buying a buy to let complete with tenant, as measured by properties on the market and listed on Zoopla.
Across all 23 cities assessed by the platform, just 0.8 per cent of properties currently listed for sale come with a tenant in situ.
“Purchasing a buy to let with a tenant in situ is the modern day equivalent of the golden fleece for UK landlords” explains the platform’s chief executive Calum Brannan.
Table shows the percentage of total stock in each city for sale with a tenant in situ
Location
Stock Level (%)
Cardiff
3.7%
Oxford
3.1%
Leeds
2.9%
Newport
2.3%
Portsmouth
2.1%
Cambridge
1.8%
Swansea
1.7%
Southampton
1.6%
Glasgow
1.2%
Nottingham
1.2%
Liverpool
1.2%
Bournemouth
1.1%
Sheffield
1.0%
Leicester
1.0%
Manchester
0.8%
Birmingham
0.8%
Bristol
0.7%
Belfast
0.5%
Plymouth
0.5%
Aberdeen
0.4%
Newcastle
0.4%
London
0.3%
Edinburgh
0.2%
All
0.8%
Table shows the percentage of stock with a tenant in situ in each city already under offer or sold subject to contract
Location
Buyer Demand (%)
Glasgow
62%
Leeds
55%
Bristol
55%
Nottingham
51%
Edinburgh
50%
Cambridge
47%
Southampton
40%
Cardiff
38%
Portsmouth
37%
Birmingham
33%
Newport
32%
Manchester
31%
Newcastle
30%
Liverpool
24%
Plymouth
21%
Oxford
21%
Sheffield
20%
Bournemouth
17%
London
15%
Leicester
11%
Swansea
11%
Aberdeen
0%
Belfast
0%