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August 2017 - Capital gains: Edinburgh remains home to highest rents in Scotland

Fast Facts

  • Edinburgh and Lothians has higher rents than any other area.

  • Average rent in capital and wider region reaches £662 in July.

  • Impressive yield levels to be found across Scotland with landlords seeing average return of 4.9%.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • “The rental market in Scotland continues to improve, with rents in July performing as well as they have all year.”

  • “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 these changes.”

  • “Looking ahead, we can expect the end of the summer to see a rise in letting activity as students move into new properties ahead of the academic year.”

Key insights

  • The Scottish property market continued to progress during July, with prices growing month-on-month and rental yields again performing strongly.

  • The average rent in Scotland - not seasonally adjusted - was £575 during July 2017, according to Your Move Scotland. This is 1% more than the £569 recorded last month and the highest total recorded since February.

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