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Buy to Let index

June 2017 - Scotland rental market pauses for breath pre-election

Fast Facts

  • Average Scottish rent dropped back ahead of general election.

  • Prices fell 2.3% between April and May but are up versus 2016.

  • Typical Scottish rental property let for £561 per month.

  • Investors continue to enjoy strong yields.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • “With the general election taking centre stage throughout May, it should come as no surprise that rents ticked down from their previous level.”

  • “Prices in most areas remain above where they were a year ago, with growth coming across a number of areas.”

  • “Tenants are drifting towards city centre living or completely rural life as it was these areas which saw the most interest during May.”

  • “The Highlands and Islands saw prices rise sharply compared to last month while in the South rents are 8.8% more than a year ago.”

Key insights

  • The Scottish rental market paused for breath during May with prices ticking down ahead of the UK general election, Your Move Scotland found.

  • The average rent stood at £561 by the end of the month - little over a week before the country went to the polls. This is 2.3% down on April’s figure but is 2.2% higher than was found in May 2016.

  • Prices in major city centres continued to perform strongly, as have rural areas such as the Highlands and South of Scotland - which prove highly attractive to people relocating.

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