Buy to Let index

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.