The Scottish PRS continues to prove very robust to geopolitical change as it plots a predictable path in Q1 2017. Competing forces from the central belt and Aberdeen result in a (near) zero sum game at just 0.1% YOY national growth. Rents in Aberdeen have indeed fallen to national average, as suggested in our last report, …
Read more >Hard to believe perhaps but it’s now 10 years since Citylets published its first quarterly report ‘Trends In Residential Lettings’. It has been very satisfying to see it evolve over the years to arrive at its current format. And of course for it to be accepted by the Lettings Industry as the de facto source …
Read more >Strong growth in Edinburgh and Glasgow continues to propel average Scottish rents upwards with chronic imbalance between supply and demand setting in within the central belt. The latest Citylets Quarterly Report to Q3 2016 shows average rents in Edinburgh have broken the £1000 per month mark for the first time and growth in Glasgow has …
Read more >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 …
Read more >Average asking rents in the Scottish PRS now stand at £767 per month, up 2.1% on the year. Competing forces of growth in Scotland’s main cities with the exception of accelerated reduction of rents in Aberdeen continue to result in the same steady annual growth for the country as a whole as seen in the …
Read more >As the Private Housing (Tenancies) (Scotland) Bill continues to pass through the Scottish Parliament, which includes calls for caps in Rent Pressure Zones, the market continues to ease with the latest Citylets Quarterly Report showing that average rents have fallen again, now at £747 per month- down from £757. Annual growth has also again slowed …
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