Category: Glasgow Property News

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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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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New Mid Market Homes Key Part of £250m Glasgow Sighthill Regeneration

Sighthill Transformational Regeneration Area (TRA) in Glasgow is the biggest project of its kind in the UK outside of London. The plan worth £250m is now moving forward with a provision of over 800 new homes (including mid market), retail units and commercial development that will complete the regeneration of the area over the next …

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Glasgow Council Cleaning up Govanhill of Slum Properties

“The place is disgusting… they should take it all down”, says Liz Armour Crosbie, an activist with the Govanhill Community Campaign who blames rogue landlords for overcrowding and destroying her neighbourhood. It is estimated there are around 2,600 private landlords in the Govanhill area. In the past nine months, 22 of them have been banned …

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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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New Heights In Central Belt Power Scottish PRS To Positive Growth

The Scottish PRS reached a new record high in Q2 2017 with average rents up 1.5% year on year (YOY) to £789 on average. Growth was materially underpinned by continued strong uplift in the key conurbations of Edinburgh (5.2%) and Glasgow (5%), where markets have reached respective all time highs, and with reduced drag from …

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