Buy to Let index

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.