Fife Heads The Top Spot For ‘Most Affordable’ Area To Rent
Thursday, December 20th, 2012
on behalf of Citylets
Local PR for Lettings Portal
Citylets’ latest quarterly report has shown that Fife is one of the most affordable places in the UK for renting a property.
The report shows that across Fife, a two bedroom property would average at around £485 rental per month which is 1.2% down on the same time last year, whereas, a three bedroom property in Fife to rent had increased to an average of £609, which is up 5.2% on the same period of last year.
Dan Cookson, Senior Analyst at Citylets, said: “Of all of our newly introduced areas Fife was one of the most affordable areas to rent with West Lothian coming in as the least affordable. The addition of these areas have made for quite interesting reading.
Citylets is currently the UKs No1 residential lettings site according to online competitive intelligence agency. Their quarterly reports are the only detailed and independent barometer of the rental market, based on more than 70,000 annual lettings from more than 400 agents.
It is now a respected tool among investors, landlords and letting agencies, covering larger areas in Scotland such as Edinburgh, Glasgow, Aberdeen and Dundee and now, for the first time, is extending to cover information from smaller local authority areas including Fife.
The next Citylets quarterly data report, showing the rental figures for Scotland during the fourth quarter of 2012, will be published in January.