The leading estate agent’s report – which shows an overview of how the rental market is performing in Scotland – made the pages of the newspaper under the heading “Loans Hell Rent Boom”.
As the statistics from the first quarter of 2010 show that rents are remaining stable across the country, analysts at Citylets believe this is an indication that the rental market is proving resilient compared to the property sales market in Scotland.
The article states: “Experts say the recession has left many first-time buyers unable to meet banks’ tight lending rules or shell out larger deposits. But the fall-out has led to a boom in rented properties – with Edinburgh seeing homes snapped up in around 33 days.
“And new figures from rentalagency Citylets also show the monthly rent in Scotland is £638.”
The article was the result of a PR in Scotland campaign carried out by the Holyrood PR.