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September 2017 - Scottish rents edge up in August

Fast Facts

  • Rent levels remain stable across Scotland.

  • Average rents grow again in four of five regions surveyed.

  • Highlands and Islands enjoys strongest rent growth at 6%.

  • Typical landlord sees returns of 4.8%.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • “With four of the five regions of Scotland showing price growth in the last 12 months, things are looking up for Scottish landlords.”

  • “Returns remain highly competitive and landlords are enjoying greater stability from their tenants.”

  • “However, the upcoming introduction of the Letting Agent Code of Practice means landlords should ensure their agent is ready for the changes.”

Key insights

  • The Scottish rental market remained stable in September as prices were broadly in line with last month and the same stage last year.

  • Your Move Scotland found the average Scottish rent - not seasonally adjusted - was £574 this month. This is close to August’s figures which found the average rent was £579 and in£575 in September 2016.

  • On a seasonally adjusted basis rents averaged £572 this month - 2.8% higher than a year ago.

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