On the other side of the central belt, the Glasgow market continues its rise recording 3.9% annual growth to stand at £728 on average. This is down from the 7.2% recorded last quarter and, as with Edinburgh, possibly seasonal. Indeed the % of properties let within a month rose from 70% as at Q3 to 72% with average TTLs for the city as a whole at 22 days.
“2016 has been an exceptionally busy year in the PRS with many agents working tirelessly to ensure their ducks are in a row with respect to the myriad of compliance issues. As such, we've seen many landlords now in the situation where they've had enough of self-management and are seeing them turn to letting agents to take on their workload and ensuring their portfolios are fully compliant with all current legislation. Looking forward to 2017 we anticipate that the housing stock will be in a much better condition as a result and are looking forward to the challenges ahead.”
I am a Tenant Landlord
