Rents On The Up In Scotland
Saturday, November 3rd, 2012
on behalf of Citylets
National PR for Citylets.
Steadily rising rent figures in Scotland have come as good news for landlords and agents this week with Citylets, the leading rental portal, unveiling their new look rental report.
As well as including new areas, the report revealed that in the three months leading to September 2012, the average rent for a property in Scotland is now £672.
Citylets has advised that these increases may have taken place due to the increasing legislative pressure on landlords after there were significant changes this year to the sector including abolishing all agency fees as well as the introduction of the tenancy deposit scheme.
John Blackwood, Director of The Scottish Association of Landlords (SAL) said: “We expect rents to rise even further in 2013 as we see the full effect of legislative pressure put on the sector.”
Citylets quarterly report revealed that the cost of the most popular size of rental property has risen in the last year in most cities with a two bed property in Aberdeen costing £833, a 2.6% rise on the same time of last year.
Dan Cookson, Senior Analyst at Citylets said: “Aberdeen and Edinburgh both continue to be the most expensive places to rent as well as both having the lowest time to rent in the country, which is a great sign that the only way is up for these cities.”
Citylets quarterly reports are compiled using bespoke data tools and provide market leading in depth analysis of the state of the property market.
An Edinburgh Conference taking place as part of National Landlords day will highlight the crucial role private sector housing plays in ensuring the welfare of Scotland’s families. Welfare Minister Margaret Burgess will be highlighting the vital role of the private sector in meeting Scottish housing needs.