Media Release: Fall in love with property again

CITY property experts at Cullen Property are urging investors to have renewed faith in the property market despite the current trend for expensive mortgages.

Begins a spokesperson: “According to Steve Coyle, operations director at Cullen Property, with less people now able to invest in larger properties – thanks to the typical buy-to-let mortgage requiring a 40 per cent deposit – those investors with adequate funds are in a good position because people selling properties are often keen to make a deal as soon as possible, resulting in a significant reduction on the original price.”

He says: “Less people investing means more choice for active investors, who are now able to push for much better deals than would have been possible previously.

“For example, a recent client purchase sourced by us was valued at £380k, but we acquired it for £325k. With a rental yield of 6.75 per cent, this property was a hugely successful purchase for our client.”

Mr Coyle’s comments come shortly after it was reported by the Association of British Insurers (ABI) that the number of people viewing property as the best long-term investment fell by almost a third towards the end of last year.*

He is confident however that mortgages will become more affordable again in future and believes that the 110-year trend for property values, which have increased at circa nine per cent per annum since 1900, is unlikely to cease.

He adds: “The population is rising and more homes are required but, with little current investment in new builds, if you already own an investment property then the market is fully in your favour.

“The Edinburgh housing market has coped well so far but sellers have to be realistic about the buying power of the purchasing audience and, until the return of more sensible mortgages with a requirement of around 15-20 per centdeposit, the market will be low in activity.

“This doesn’t mean that property isn’t still a very good investment over the longer term though and, combined with investment in other assets such as pensions and shares, the best way to prepare for your retirement.”


Steve Coyle is available for interview on request. For further media information, high resolution images or to arrange an interview contact Samantha McKay Challen or Fiona Vernon at Niche Works on 0131 669 0333 or /

Notes to editors:


Cullen Property was founded in 1998 by two directors who believed passionately in the future of Edinburgh’s property market.

The company specialises in acquiring and managing properties for clients looking to invest in and let out residential property in Edinburgh.

It currently manages 300 properties and consistently achieves over 98 per cent occupancy levels

Attendance at the student fairs is by invitation only and Cullen Property has been invited for the fourth consecutive year.

For further information on Cullen property visit:

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Contact: Samantha McKay Challen
Phone: 0131 669 0333