Category: Scotland Property News

Multi-Million Pound Investment in Scottish Mid-Market

Places for People have secured a Scottish Government loan funding of £47.5 million for their proposal to deliver 1,000 new mid-market rent homes throughout Scotland. Places for People have set up a residential real estate fund, PfP Capital, with the aim of supporting people on low and modest incomes in accessing high quality accommodation at …

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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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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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Tax Relief Hopes Buried with Autumn Statement

The Private Rented Sector has been the subject of a number of significant changes over the past year that have been felt strongly by residential landlords. Changes introduced in the 2015 Summer Budget include: taxing landlords on their income as opposed to profit, reducing mortgage interest relief, introducing a 3% stamp duty surcharge on buy …

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Citylets Sponsors PRS Forum Scotland 2016

Citylets is delighted to confirm it has sponsored Scotland’s key annual Build to Rent conference, PRS Forum Scotland, to be held in Edinburgh on Oct 6th 2016. With keynote addresses from Kevin Stewart, Scotland’s new Housing Minister and Gerry More, the Scottish Government supported PRS champion, the conference brings together over 250 key stakeholders from …

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