November 2016 - Scottish rental market enjoys continued growth
Average property in Scotland lets for £569 per month.
Edinburgh and Lothians remain home to most expensive properties.
Yields remain a strong 5% in November.
Brian Moran, Lettings Director, Your Move Scotland comments:
"Edinburgh and the Lothians saw rents rise faster than anywhere else in Scotland, proving the property market continues to thrive."
"This level of rent growth is comparable with the top performing regions in England, which may tempt more investors to head north of the border."
"Landlords and tenants will both be happy to see overall tenant finances improve and this shows the Scottish rental market is in a stable position at present."
"Yields remain strong and above the level seen in most of England and Wales despite concerns about the wider economy."
Across Scotland rents increased or remained stable in every single region between October and November, Your Move Scotland found. Yields and tenant finances have also remained steady since last month.
The average property let for £569 in November 2016, higher than the previous month and the same point last year. The Edinburgh and Lothians region continued to boast the highest rents and now the fastest growing rents in Scotland also lie in this area, Your Move’s survey found.