Low Supply Drives Initial Rents up at Record Rate

In the last quarter of 2022, pressures on property supply in the private rented sector continued driving growth in average rents in Scotland for new tenancies at an unprecedented rate amid widespread industry condemnation of the new legislation and general asymmetry of approach relative to the social rented sector. The introduction of the Cost of …

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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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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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Scottish PRS Charts A Certain Course Amidst Sea of Change

The trends observed in The latest Citylets Quarterly Report to Q2 2016 have been a picture of almost unparalleled consistency amidst a world of uncertainty not seen since the financial crisis of 2008. Average rents at National level and within the main city markets of Edinburgh, Glasgow and Aberdeen are following seemingly set growth trends …

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