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Wednesday, March 08, 2017

Scotland's annual rental growth at 4%

Your Move Scotland reports a strong start to 2017 for the Scottish rental market. 
  • Average property in Scotland now lets for £571 per month, up 4% from £548 a year ago. 
  • East of Scotland (Fife, Dundee and Perthshire) remains cheapest place to rent at £533 pcm. 
  • Average Scottish yield levels remain steady at 4.9%
  • Edinburgh and the Lothians saw the strongest growth in the last 12 months
  • 11.75% of tenancies were in arrears of one day or more 

Brian Moran from Your Move Scotland comments:

“It was a strong start to the new year for many landlords across Scotland as rents continued to perform well. Edinburgh and Lothians is the best performing region with prices growing faster than anywhere else in Scotland. Despite new government rules which cut tax relief on buy-to-let properties making business more complicated for landlords, yield levels have remained strong in the past 12 months. Yields are exactly the same as a year ago and suggests the Scottish rental market continues to attract quality investment into its housing stock.”

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