Scottish rental market enjoys continued growth in November
- Average property in Scotland lets for £569 per month
- Edinburgh and Lothians remain home to most expensive properties
- Yields remain a strong 5% in November
In its latest Scottish Buy to Let Index, Your Move has reported that across Scotland rents increased or remained stable in every single region between October and November and that yields and tenant finances have also remained steady since last month.
The average property let for £569 in November 2016, higher than the previous month and the same point last year. The Edinburgh and Lothians region continued to boast the highest rents and the fastest growing rents in Scotland also lie in this area.
Brian Moran, Lettings Director for Your Move in Scotland commented:
Edinburgh and the Lothians saw rents rise faster than anywhere else in Scotland, proving the property market continues to thrive and, with this level of rent growth, is comparable with the top performing regions in England, which may tempt more investors to head north of the border.The good news too is that landlords and tenants saw overall tenant finances improve which indicates that the Scottish rental market is in a stable position at present.