Buy to Let index

February 2017 - “Brexit effect” dampens rental demand in Scotland

Improvement in tenant finances

  • Across all of Scotland 10.5% of tenancies had arrears of one day or more during February 2017, Your Move Scotland found.

  • This is much lower than the 11.7% rate recorded last month and the long-term trend for tenants remains positive.
  • Scotland’s arrears rate for this month remains above the level found in England and Wales. Across these two nations the average rate of arrears was 8.1% during February.

  • On an absolute basis, the number of Scottish households in serious arrears – defined as two months or more – was 10,301 this month.