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October 2016 - Scottish rental prices outperform expectations

Fast Facts

  • 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.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • "Landlords have been thrilled with the performance of Scottish rental properties in recent months, and October again showed how strong this
    market is."

  • "This month yields may have fallen but they remain much higher than equivalent properties in England and Wales."

  • "The big news is the improvement in tenant finances, meaning that fewer landlords are facing problems with late and non payment of rent."

  • "The excellent performance of the Edinburgh and Lothians region shows that London is not the only UK capital city with a booming property market."

Key insights

  • Rental properties in Scotland continued to outperform expectations in October 2016. Prices rose both month-on-month and compared to the same point last year, despite uncertainty in both the UK and the wider global economy..

  • The typical Scottish property now rents for £558 per calendar month (seasonally adjusted), Your Move Scotland found. This figure is 0.3% higher than the previous month and 0.4% up on last October.

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