“Q4 has continued to be a trying period for landlords, many of whom await confirmation of what rent controls and limitations will be imposed by the Scottish Government, before deciding whether or not to remain in the PRS or exit the market. While increased rents for new tenancies in the last 12 months have buoyed yields, many are now experiencing financial hardships as continuing higher interest rates can’t be eased by rent increases above 3% annually. We anticipate a large number of tenants will find themselves sourcing new properties in early 2024 as a result, pushing rents up further and leaving many households struggling to afford new tenancies.”
I am a Tenant Landlord
