Scottish rental market
news | Over 8 years ago | Jordan Williams

Scottish rental prices surge

The average Scottish rental price increased by 2.2% in the year to November 2017, according to the latest data


Research from the Your Move Scotland buy-to-let index has revealed that the typical property is now let for £572 per calendar month (seasonally adjusted).

In November, returns for landlords and investors were 4.8%, higher than the average in England and Wales.

The Edinburgh and Lothians region had the highest rents in Scotland, with the average property in the capital standing at £667 per calendar month.

The Highlands and Islands region had the fastest rent growth in the country, with prices increasing 7.3% since November 2016 to £618 per month.

Brian Moran, lettings director of Your Move Scotland, said: “While some areas are growing faster than others, the Scottish rental market as a whole remains on a positive trend – with the average rent increasing by 2.2% year-on-year.

“Particularly pleasing is the improvement in tenant finances, as fewer people are finding themselves in financial difficulty than last month.

“This shows that despite year-on-year rent rises, more tenants are able to pay their rent in full and on time.

“However, despite the positive news, there have been changes for letting agents, with more set to come on the horizon.

“Landlords should make sure they understand what the new tenancy agreement legislation means for their properties and look for support from letting agents to help them through these changes.”

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