Whilst landlords and tenants alike will have been dismayed at the series of global events in the 1st quarter of 2026, after a period of relative calm at end of 2025, the impact on the Scottish PRS, like elsewhere, has yet to be felt. The country’s rental market continued its stable trajectory of recent quarters with little change in rents or Time to Lets (TTLs) in major conurbations, reflecting a well-balanced market with rental growth slightly above or below zero. Scotland’s two largest rental markets posted zero (Edinburgh) or next to zero (Glasgow) change Year on Year on both key metrics.
“Demand in the private rented sector (PRS) has steadied over the last year and prices have stabilised as a consequence. The market remains robust with very short average time to let of under a month in many areas and for the best properties considerably shorter than this. More widely in the market there is now a steady outflow of landlords owning one or two properties which are being replaced by investors keen to invest in larger portfolios utilising the favourable tax situation in Scotland which favours multiple purchases.”
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