October 2016 - Scottish rental prices outperform expectations
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:
"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."
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.