October 2016 - Scottish rental prices outperform expectations
Standout performance in the Scottish capital
The Edinburgh and Lothians region has long been home to the highest rents in Scotland and this month it saw rents rise faster than any other part of the country.
Prices in the capital city and surrounding area leapt by 6.1% in the last 12 months and were also up 0.9% compared to September. The average rent in this region now stands at £645 per month, Your Move Scotland found.
It was a mixed picture elsewhere in Scotland. Landlords with properties in the Highlands and Islands continued to enjoy higher than average rents, even though prices have tumbled 8.1% in the last 12 months. The typical property in this area now lets for £576 per month.
Glasgow and Clyde was close behind with average rents of £573 a month. This figure was down 1% year-on-year and 0.2% versus September’s figure.
The East of Scotland remains the cheapest place to rent a property, although this region was one of only two areas to see prices grow compared to both last year and last month. The average rent of £528 in October was 0.4% higher than last year and 0.1% up compared to September.