Category: Edinburgh Property News

Increasing Numbers of Families Calling Scotland’s PRS Home

Scotland’s private rented sector (PRS) continued to rise, up 5% year on year (YOY), according to the latest Citylets Rental Report Q4 2018. Strong demand for properties of all sizes in major cities underpinned growth, with larger 3 and 4 bed properties posting the steepest gains as an increasing number of families settle in the …

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Mid-Market Homes Fill the Void

With the increasing cost of renting in Edinburgh, where average rents stand at £1095 as at Q4 2018 according to the latest Citylets Rental Report, the need for more affordable housing has never been greater. Port of Leith Housing Association and Persevere Developments just recently celebrated completion of 43 new mid-market homes, forming part of …

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Glasgow Lion

The Scottish Private Rented Sector recorded another annual rise as at Q3 2018 with rents up 2.2% to stand at £789 per month on average. Continued demand for properties of all sizes pushed rents higher with 4 bed properties, as per previous two quarters of 2018, recording the steepest annual growth at 5.5%. The average …

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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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