Rents in Edinburgh continue to rise for all property types (1-4 bed) but the trend of reduced annual growth also persists. Property to rent in Edinburgh now costs £1148 per month on average- a record high- and takes 27 days to let. TTL lengthened a full 6 days on the previous year, however 1 bed properties in particular continue to rent quickly at 20 days on average. With noteworthy change in TTL for the capital it will be interesting to see if annual growth in rental values will continue to decline.
“We have continued to be amazed at the level of demand for all types of flats anywhere near central Edinburgh. Rental yields are now pushing even higher too, as rental growth outstrips sale price growth. Even when we push the rent higher to follow the market trend, it still seems that we get inundated with viewing enquiries and subsequently multiple applications to rent the property. If we are getting 20 enquiries for each good flat and only one can get it, where do the other 19 go? There must be a significant shortage of accommodation and is that impacting on employment and anything else in the capital?”
I am a Tenant Landlord
