Average rents in Scotland for new tenancies in the private rented sector have risen by double digits for the third time in a row since the introduction of the Cost of Living (Tenant Protection) (Scotland) Act 2022, according to new figures.
Rents for new tenancies rose an unprecedented 11.9% in Scotland’s Private Rented Sector (PRS), the highest annual rise on record, in the first quarter of the existence of new legislation to cap rents for existing tenancies, according to lettings portal Citylets.
The high levels of rental activity in Scotland in the previous quarter continued deep into Q4 of 2021 sending stock levels down to record lows and driving some rents to all-time highs, according to a new report.
A surge in demand for property to rent in Scotland has sent available stock levels down almost two thirds in just three months with many prospective tenants around the country having unusual difficulty finding a home, according to the latest property rental report by Citylets.
Rents in Scotland’s private rented sector (PRS) have continued to rise with an increasing number of families now living in privately rented homes. In its latest report, property letting portal Citylets said a 5% year-on-year increase during the final quarter of 2018 was underpinned by strong d
The average private rented sector (PRS) rents in Scotland’s cities increased by 1.5% to reach a record high of £789 per month in the second quarter of 2017 as demand from tenants continued to exceed supply, according to new figures. The latest index data from Citylets revealed that the increase w
Average rents in Scotland’s private rented sector fell in the final quarter of 2016 by 0.9 per cent on the year to stand at £739 per month, according to new figures. Citylets reports that the vast majority of the national reduction can be attributed to Aberdeen where average rents fell by 15.4 pe
Thomas Ashdown As the Scottish Government presses ahead with proposals for rent controls and details of the Private Tenancies Bill are expected to be published this week, average rents in the country have started to head south, according to new figures.
Thomas Ashdown Rents adjusted for inflation have fallen in the majority of Scottish towns and cities since the onset of the credit crunch in 2008, according to new figures from lettings portal Citylets.
Thomas Ashdown The removal of no fault grounds for repossession and the spectre of rent controls in city hotspots will result in an exodus of landlords from the Scottish private rented sector (PRS), new research has suggested.