January 2018 - Scottish rental market ended 2017 with higher yields than the UK
Average rents in Scotland increased steadily 1.7% year-on-year to December.
Impressive yields for property investors at 4.8%.
Rents jump 7.4% annually in Highlands & Islands.
Edinburgh & Lothians remains home to highest rents at £665.
Brian Moran, Lettings Director, Your Move Scotland comments:
“While some areas are growing faster than others, the Scottish rental market as a whole remains on a positive trend - with the average rent increasing by 2.2% year-on year.”
“2017 demonstrated why the Scottish rental market appears to be a great place to invest. With a typical return of 4.8% a year, Scottish property offers more than the average returns of 4.4% in England & Wales.”
“While its currently positive news, landlords need to be aware of changes to legislation which could will affect them in the future.”
The Scottish rental market continued to grow throughout 2017, with the average rent (seasonally adjusted) standing at £571 at the end of the year.
On average, there was growth across Scotland of 1.7% in the year to December, although prices did tick down 0.2% month-on-month.
When looking at rents on a non seasonally adjusted basis, the average across Scotland was £562 in December – £11 lower than in December 2016.