Category: Edinburgh Property News

Major Trends Continue as Scottish PRS Reaches New Highs

With most of Scotland’s large urban markets sitting at or near all time highs, it will be unsurprising to note that the average property to rent in Scotland recorded it’s highest figure to date in Q2 2018 at £799 per month. Scotland’s overall annual rate of growth, however, remains low at 1.3%. Larger properties, in …

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Supply Constraints Raises Edinburgh To All Time High

Competition for larger 4 bed properties lifted the Scottish national average into positive growth for the first time in 3 quarters. Average rents in Scotland rose to £780 per month, up 1.6% year on year (YOY). 4 bed properties rose 6% to stand at £1585 on average reflecting seasonal demand from the student population in …

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Shortage of East Central Scotland Properties Drives Up Prices

In contrast to the UK trend of decreasing house prices, east central Scotland saw the average house price in the last quarter of 2017 increase by 7.3% to £234,757, compared to the same period in 2016, according to the ESPC’s most recent house price report. From October to December 2017, Edinburgh’s average selling price increased …

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Glasgow Rents Surpass Scottish National Average

Whilst Letting Agents around the country are busy getting to grips with the new legislation and regulation, the latest Citylets market report for Q4 2017 shows that the rental landscape has also experienced new milestones. The average rental in Glasgow is now higher than the national average for the first time having tracked just below …

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Cullen Property Sleeps Rough to End Homelessness in Scotland

There are 11,000 homeless households in Scotland according to social enterprise and homeless charity, Social Bite. Its most recent sleep in the park event, which took place in Edinburgh’s Princes Street Gardens on the 9th December, united over 8,000 people who spent a night under the stars in sub-zero temperatures to raise funds and awareness …

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Is Scotland About to Put its Rent Cap on?

It looks like rent controls within Scottish cities are imminent. Councillors have just approved a report to be conducted regarding the introduction of Rent Pressure Zones (RPZs) across Glasgow. The Private Housing (Tenancies) (Scotland) Bill due to come in to effect this December, would mean that councils will be able to apply to the Scottish …

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