July 2016 - Scotland’s rental market remains buoyant over summer months
Yields continue downward trend
The average gross rental yield for properties in Scotland stood at 5.8% in July 2016, much higher than the figure recorded in previous years.
In both July 2014 and 2015 the average yield was 4%, this improvement is due to both higher rents and rising house prices in many areas of Scotland. The average property price in the nation stood at £143,282 during the month, Your Move found.
Average Scottish yields of 5.8% compare favourably with all regions of England and Wales. By comparison, the highest yields in England are to be found in the North East, where they reached 5.5% in July. In Wales the typical yield was 5.1% during the same month.