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.