Rents increase in Scotland in March compared to previous month according to Your Move
The latest Your Move Scottish Buy to Let Index April 2017 released 3rd May 2017 headlined ‘Demand for family properties pushes up prices’.
The report revealed that all Scottish regions saw rents rise in March compared to the previous month, average Scottish rent is now 3.8% higher than a year ago, typical Scottish rental property now letting for £565 a month.
Your Move found that increased demand and insufficient supply of family properties was one of the driving forces in the Scottish rental market in March 2017.
Brian Moran, Lettings Director, Your Move Scotland comments: “March saw a stellar performance across Scotland as every single region recorded higher rents than the previous month.
“Demand is increasing in segments of the market such as family homes, showing there is room for expansion of the rental sector.
“This increased demand is being seen in areas such as the Highlands and Dumfries, suggesting the rental sector is extending beyond the big cities.
“Yield levels have actually increased this month, bucking the trend seen in the rest of the UK. This shows Scotland remains a great place to invest, as well as a great place to live.”
Read the Your Move Scottish Buy to Let Index April 2017 in full click here.
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