Scotland rents rose by 7.1% in the third quarter of 2014 compared to same period last year with the average property now standing at £736 per month. All 3 main cities of Edinburgh, Glasgow and Aberdeen rose by between 6% and 8% with Time to Let (TTL) figures also falling significantly. For once it was not Aberdeen recording the largest rise, but Glasgow at 8.3%. The market is overall very fast moving and serious questions are now being asked in relation to supply with tenants renting for longer and decreasing natural stock replenishment.
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Citylets Rental Reports are the only reports providing up to date information on the Scottish residential lettings market. Describing trends and detailing rents in Scotland's main cities they are an essential tool for both landlords and agents and a useful guide for tenants and those looking to rent. Started in 2007, the Reports are released quarterly and are based on over 50,000 annual Scottish lettings recorded by Citylets. Information, charts and indices may be reproduced in print publications citing "source- Citylets" or your website if the hyperlink "source- Citylets" is clearly identified.