October 2016 - Scottish rental prices outperform expectations
Arrears levels remain flat
Tenant arrears have improved dramatically this autumn, Your Move Scotland found. Across all of Scotland some 7.9% of all tenancies had arrears of a day or more in October 2016. This is much lower than the 12.5% figure recorded last month, reflecting the improved state of Scottish tenants’ finances.
On an absolute basis, the number of Scottish households in serious arrears – defined as two months or more – was 2,926 in October 2016.
This month’s figure is also much lower than the same point in 2015, when arrears represented 13.8% of all tenancies. October 2016’s figure is the best performance in this survey since the summer of 2015.
However, Scotland’s arrears rate for this month remains above the level found in England and Wales. Across these two nations the average rate of arrears was 9.3% during October.