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Wednesday, September 23, 2015

Scottish rents fall by £3 in August

Your Move's 'Scotland Buy-to-Let Index' for August has reported a monthly drop of 0.5%.

Average monthly rents have fallen to £546 from their summer peak of £549.

The annual rental growth in Scotland is now at just 1.7%.

Your Move Scotland, lettings director, Brian Moran commented on the latest data, saying

“Scottish rents have retreated back from record levels, after an acceleration of rent rises in 2015.

“This should provide a welcome let-up for tenants, after only last month rents hit a new record level. This adjustment has also broken up the forward march of annual rent growth that’s been gathering speed recently."

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