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May 2017 - Lack of supply drives price rises in Edinburgh

Fast Facts

  • Typical Scottish rental property lets for £574 a month.

  • Average Scottish rental price increased by 6% in last year.

  • Unlike London, prices in Edinburgh are performing strongly.

  • Yield levels higher than same point in 2016.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • “Demand continues to outstrip supply in Edinburgh, with this driving the price increases in all areas of the capital.”

  • “The wider Lothians area remains popular and any property with an EH postcode is in very high demand. Prices here continue to outstrip the rest of Scotland by some margin.”

  • “Yet Edinburgh wasn’t the area which had the fastest growth in the country. Prices in the South of Scotland have risen 7.1% in the last year, a stellar performance.”

  • “Landlords across Scotland also continue to enjoy higher returns on their investment than their counterparts in England and Wales, with the typical property offering a 5% yield.”

Key insights

  • Rental prices in London may be falling, but no such change is occurring in the Scottish capital, with prices in Edinburgh continuing their recent upward trend.

  • Prices in the city and surrounding area increased by 2% in the last 12 months to reach an average of £655, Your Move Scotland found.

  • Across the whole country rents have increased by 6% in the last year, with the average property now let for £574 per calendar month.

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