Scottish rental growth reaches 2.5%

Ryan Bembridge

November 29, 2017

Scottish rental growth reached 2.5% in the year to October 2017, Your Move’s Scotland buy-to-let index has found.

With the help of such robust rental growth yields stood at 4.8% in October.

While this represents a slight fall from September’s total of 5% it’s still higher than most areas in England and Wales, where annual rental growth averaged at 4.4% to October.

Accidental landlords add 80,000 rented homes to the market

Brian Moran, lettings director of Your Move Scotland, said: “As we approach the end of the year, the Scottish rental market continues to perform strongly when compared with other parts of the UK.

“With an average return of 4.8%, landlords have been rewarded with good returns throughout 2017.”

Typical Scottish rents stood at £575 per month, with the Edinburgh & Lothians regions being the most expensive in Scotland at £669 per month.

In terms of house prices north of the border they are growing at the fastest rate in the Highlands & Islands region, by 6.4% in the past year.

The only area of Scotland to see prices fall was Glasgow & Clyde, where they fell by by 5.3%.

Enter your e-mail address to receive updates on this topic straight to your inbox

* indicates required
Send me news alerts on: