Buy to Let index

September 2017 - Scottish rents edge up in August

Fast Facts

  • Average rents grow in four of five regions surveyed by Your Move.

  • Typical Scottish rent stands at £579, up 0.7% on July.

  • Landlords continue to enjoy returns of 4.9%.

  • The Glasgow and Clyde region is the only region to post a year-on-year fall.

Quick Quotes

Brian Moran, Lettings Director, Your Move Scotland comments:

  • “Rental prices are increasing across much of Scotland thanks to high levels of demand and poor supply in many areas, with particular strain in Edinburgh which saw prices rise by 4.1% over the year”

  • “Scottish landlords continue to see returns of close to 5%. It’s crucial that all landlords in Scotland start to prepare for the changes on the horizon such as Letting Agent Code of Practice which is due to commence in early 2018.”

  • “Landlords should be talking with their agents now to make sure they are prepared for the changes and understand what it means for them, sooner rather than later.”

Key insights

  • Demand for rental properties in Scotland continues to grow, with prices increasing slightly at the end of the summer due to restricted to supply in popular areas.

  • The average Scottish rent - not seasonally adjusted - was £579 in August 2017, according to Your Move Scotland. This is more than the £575 recorded last month and 0.5% higher than the same month in 2016.

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