Buy to Let index

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

Mixed month for Scottish rents

  • It was a mixed picture across Scotland this month. With the general election imminent the recent growth in the market came to an end, Your Move Scotland found.

  • The average rent was £561 this month, 2.3% lower than a month ago but still 2.2% up on the £549 recorded in May 2016.

  • On a regional basis the trend towards both city centres and rural areas continued, with small towns and city suburbs seeing price growth slow.

  • Four of the five regions surveyed saw rents increase in the last year, led by the South of Scotland where rents increased by 8.8% in the last 12 months. The other regions to post increases in the last 12 months were the East of Scotland (3.3% growth year-onyear), Highlands and Islands (3.2% up) and the Edinburgh and Lothians region (2.6%). The Glasgow and Clyde region was the only to post a fall in prices year-on-year, dropping back 0.3% compared to May 2016.

  • On a monthly basis the same pattern was repeated as only Glasgow and Clyde saw a decline in average rent. Prices here fell 1% between April and May, to stand at £564 per month.

  • The Highlands and Islands saw the biggest monthly increase with prices leaping 1.2% to reach an average of £603. This figure was buoyed by more people looking to move into rural areas.

  • Edinburgh and Lothians continues to have the highest rents in Scotland. Prices in the capital city and wider region rose by 0.1% month-on-month to hit £656.