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April 2017 - Demand for family properties pushes up prices

Fast Facts

  • 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.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • “March saw a stellar performance across Scotland as every single region recorded higher rents than the previous month.”

  • “Demand is increasing in segments of the market such as family homes, showing there is room for expansion of the rental sector.”

  • “This increased demand is being seen in areas such as the Highlands and Dumfries, suggesting the rental sector is extending beyond the big cities.”

  • “Yield levels have actually increased this month, bucking the trend seen in the rest of the UK. This shows Scotland remains a great place to invest, as well as a great place to live.”

Key insights

  • Increased demand and insufficient supply of family properties was one of the driving forces in the Scottish rental market in March 2017, Your Move Scotland found.

  • This has been most keenly felt in the Highlands and Islands region, where rents increased faster than anywhere else between February and March.

  • Across the whole of Scotland rents rose 3.8% in the past 12 months, the average property is now let for £565 per calendar month.

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