PRIVATE rent levels in Scotland were up six per cent in the year to May 2017, with the typical rental property letting for £574 a month, according to the latest buy-tolet index from Your Move Scotland.
Edinburgh is showing a ‘strong’ performance, according to the index. Prices in the city and surrounding area increased by two per cent in the past 12 months to reach an average of £655. ‘Demand continues to outstrip supply in Edinburgh, with this driving the price increases in all areas of the capital,’ said Brian Moran, lettings director at Your Move Scotland.
Yet Edinburgh wasn’t the area which had the biggest increase in the country as prices in the South of Scotland have risen 7.1 per cent in the past year, with the average property now let for £564 a month. Edinburgh and Lothians continued to be the areas with the highest rents in all of Scotland, Your Move Scotland found. Prices in the capital city and surrounding areas now average £655 per month, following a two per cent rise in the past year. This price is also 0.6 per cent higher than in March 2017.