The growth in rents in Scotland’s urban centers has continued to fuel a surge in national average rents, up 7.9% in the year to Q4 2014 to stand at £732 per month. Annual national growth was recorded at just 1% in the preceding year. A seasonal fall in national average rents, common in the last quarter of the year, was evident but only just, down £4 from the all time high of £736 in Q3 2014. Rents in Edinburgh, Glasgow and Aberdeen all rose in the last quarter and all 3 cities now record record highs. 2015 is likely to see more of the same with Aberdeen perhaps tempered by the impact of sustained low oil prices.
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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.