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Demand for family properties pushes up prices

  • All Scottish regions see rents rise compared to last month
  • Demand for family homes drives rents up
  • Average Scottish rent is 3.8% higher than a year ago
  • Typical Scottish rental property lets for £565 a month

In its latest Scottish Buy to Let Index, Your Move has reported that there has been rent rises across all Scottish regions with strong demand for family properties having an impact and pushing the average rent in March to £565 a month – 3.8% higher than a year ago. 

The Highlands and Islands have seen growth of 0.8% over the month (the highest growth) whereas it was the South of Scotland that saw the greatest rise on an annual basis – up 5.9% compared to March 2016. In comparison Glasgow and Clyde saw rents drop over the year. 

Brian Moran, Lettings Director for Your Move in Scotland commented: 

 March saw a stellar performance across Scotland as every single region recorded higher rents that the previous month and with demand increasing in the Highlands and Dumfries it seems that the rental sector is extending beyond the big cities.

To see the full report, please access:  https://www.your-move.co.uk/buy-to-let-index/april-2017-scotland/overview