Leading specialist property writer Kirstly McLuckie has used figures from Citylets’ definitive rental report as a platform to predict what the rapidly changing market may hold.
The quarterly Citylets Rental Market Reports are now into their third year and have rapidly emerged as the most credible, in-depth barometer of the status of the sector and its main trends.
The report findings are based on meticulous analysis of 40,000 annual, Scotland-wide propertly lettings through 250 agents. As a result each new report is eagerly awaited and provides must-read intelligence for investors, landlords and letting agencies.
The most recent report – covering the final quartery of 2008 – provided crucial statistics which gave the platform and starting point for The Scotsman article – a 4.3% increase in rental prices year on year, with deman soaring 38% in the same time frame.
However, the report also showed that supply of rental property in Scotland increased 55% year on year. The newspaper predicted this trend will continue and speculated that during 2009, some letting agents expect supply to outstrip demand in certain sections of the market.
Citylets was launched in 1999 and is Scotland’s most successful lettings portal. The full archive of quarterly reports are available at http://www.citylets.co.uk/reports/.
Click here to read the full Scotsman article, headlined The golden age of the landlord could be in decline.