Rent On The Rise For Edinburgh City Dwellers
Saturday, May 19th, 2012
on behalf of Citylets
Local PR Coverage for Citylets
Edinburgh tenants face an average rent increase of 2.9%.
Two-bedroom and three-bedroom lets were the most significantly hit by the increase. Three-bedroom homes were up by 5% to a monthly rent of around £1028, and two-bedroom homes were up by 3.7%, which typically costs an average £720 a month.
It was cited in a recent report by Citylets that the average rent in Scotland is £664 a month, a 2.6% rise from the first quarter of 2011.
Dan Cookson, Citylets senior analyst said: “This quarter’s figures are reassuringly steady which has continues to cement confidence in the rental market.”