January 2017 - Scotland rental market starts 2017 on a high
Positive start to 2017 for Scottish rental market.
Average property in Scotland now lets for £571 per month.
East of Scotland including Fife, Dundee and Perthshire remains cheapest place to rent.
Yield levels remain relatively consistent.
Edinburgh and the Lothians see the strongest growth in the last 12 months.
Brian Moran, Lettings Director, Your Move Scotland comments:
"It was a strong start to the new year for many landlords across Scotland as rents continued to perform well."
"Edinburgh and Lothians is the best performing region with prices growing faster than anywhere else in Scotland.”
"Despite new government rules which cut tax relief on buy-to-let properties making business more complicated for landlords, yield levels have remained strong in the past 12 months."
"Yields are exactly the same as a year ago and suggests the Scottish rental market continues to attract quality investment into its housing stock."
It was a bullish start to the year for the Scottish rental market with growth across many regions compared to the same point in 2016. The average property in the nation now lets for £571 per calendar month, Your Move Scotland found – up 4% on the £548 recorded a year ago.
On a regional basis, Edinburgh and the Lothians was the area with the highest rents and has also seen the strongest growth in the last 12 months.