Traditionally at the start of the year, we observe a sharp uplift in activity in the Scottish rental market with new tenants adding to the already insatiable demand for stock and resultant asking prices experience a distinct spike as supply tries to keep up. Quarter 1 of 2014 has been no different with the average mix adjusted rent in Scotland now at £699 which is 3.6% greater than last year. The four major cities have all experienced substantial year on year increases that bode well for the year ahead.
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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.