The Scottish property market continued to progress during July according to the latest Scottish Buy to Let Index from Your Move with the average rent standing at £575 – 1% more than recorded in June and the highest amount recorded since February 2017.
Edinburgh and Lothians saw higher rents than any other area – at £662. At the other end of the scale, the East of Scotland continues to be the cheapest place to rent in the country. Despite containing a wide range of property types and housing the UK’s oil capital Aberdeen,
Brian Moran, Lettings Director, Your Move Scotland commented:
‘“The rental market in Scotland continues to improve, with rents in July performing as well as they have all year but the next year will be an interesting time for the rental market due to the launch of a new style of tenancy agreement in December, while additional rules governing Scottish letting agents come into force in 2018.
“Whether you’re a landlord, tenant or letting agent now is the time to take stock and make sure the rental market is working for you and that you’re prepared for changes to come.”
The full Scottish Buy to let Index can be seen on the Your Move Media Centre via this link: https://www.your-move.co.uk/buy-to-let-index/august-2017-scotland/overview