January 2017 - Scotland rental market starts 2017 on a high
Edinburgh outperforms all other areas
The Edinburgh and Lothians region dominated the Scottish rental scene once again this month. Prices in the capital and surrounding areas grew faster than any other part of the country in the last year, Your Move Scotland found.
Prices in this region increased by 3.3% in the last 12 months to reach £648 in January 2017. However they were absolutely flat month-on-month.
The next highest rents were to be found in the Highlands and Islands region. While rents in this area stood at £584 in January, they are 4.3% lower than a year ago – the biggest faller during that period. However, they did grow 0.6% between December and January.
The only other region to post a year-on-year fall was Glasgow and Clyde where prices have ticked down 0.9% since January 2016. Properties in this region now rent for an average of £566..
The cheapest place to rent continued to be the East of Scotland. Properties in this area now let for £533 per month, 1.3% higher than a year ago and up 0.4% month-on-month.
Finally, in the South of Scotland, rents grew by 2.7% in the year to January. Properties in this region are now on the market for an average of £555 a month.
Across the whole of Scotland the average rent stood at £571 in January 2017, this compares to £573 last month. A year ago the average rent in Scotland was £548.