October 2017 - A base for growth - Scottish market shows stability
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%.
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.”
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.