August 2016 - Strong summer performance for Scottish rental properties
Soaring performance in the South of Scotland
The average rent growth across Scotland was 5.4% in the year to August 2016, Your Move found. Four out of the five Scottish regions saw a rent increase in this period, reflecting the confidence in the wider housing market.
The top performance came in the South of Scotland where average rents have grown from £511 to £590 since August 2015. Elsewhere the East of Scotland, Edinburgh & Lothians and Highlands & Islands regions all posted rent increases of above 4% in the last 12 months.
Glasgow & Clyde was the only area of the country to post a fall in rents in the last year. Properties in this region now attract a typical rent of £536, 3.2% lower than a year ago.
On a monthly basis, Highlands & Islands saw the biggest leap in prices. Rental properties in this area grew by 4.6% between July and August to reach an average of £598.
The Edinburgh & Lothians region remains home to the highest average rents in Scotland. Properties in the capital city and surrounding towns are now typically let for £643 per calendar month, 0.6% higher than the previous month. It is the only region of Scotland to boast rents of more than £600 a month.