Scottish rents ticked down ahead of May general election according to Your Move

June 30, 2017

The latest Your Move  Scotland buy to let index report for May 2017  headlined ‘Scotland rental market pauses for breath pre-election’.

According to the Index average Scottish rent in May dropped back ahead of general election. The data showed that prices in major city centres continued to perform strongly, as have rural areas such as the Highlands and South of Scotland.

Typical Scottish rental property let for £561 per month, this is 2.3% down on April’s figure but is 2.2% higher than was found in May 2016.

Brian Moran, Lettings Director, Your Move Scotland comments:

“With the general election taking centre stage throughout May, it should come as no surprise that rents ticked down from their previous level.

“Prices in most areas remain above where they were a year ago, with growth coming across a number of areas.

“Tenants are drifting towards city centre living or completely rural life as it was these areas which saw the most interest during May.

“The Highlands and Islands saw prices rise sharply compared to last month while in the South rents are 8.8% more than a year ago.”

Read the Your Move  Scotland buy to let index report (overview) for May 2017 in full click here.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Software & Tech

Software GDTJ45 Builder Problems: Causes, Solutions, and Best Practices

If you’ve been using GDTJ45 Builder software, you might have noticed it’s not always as smooth and reliable as expected. From installation errors to unexpected crashes and slow performance, many users experience problems that can disrupt workflow, delay projects, and cause frustration. This article will walk you through the most common GDTJ45 Builder problems, explain…
Read More →
Breaking News

Developers draw confidence from improving lending landscape

Jonathan Samuels, CEO of Octane Capital, believes that improving conditions across the lending landscape have helped to boost developer confidence heading into a new year, despite a number of challenges still remaining, with specialist finance remaining a key weapon in their arsenal. The latest survey of UK property developers, commissioned by specialist lender Octane Capital,…
Read More →
Breaking News

Happy New Year! UK construction performance finishes 2025 on a high

GLENIGAN INDEX: UK construction starts 2026 on a stronger footing with 2025 concluded with a significant increase in project starts during the Index period The value of project starts increased by 7% during Q.4, but remained 7% below 2024 levels. Residential construction starts declined by 2% in the preceding three months and by 20% against…
Read More →
Breaking News

Prime London homeowners unmoved by mansion tax

The latest look at prime London property supply from Jefferies London has shown that the volume of homes priced at £2m or more listed for sale across Prime Central London (PCL) fell by -9.3% during the fourth quarter of 2025, but £2m+ homes still account for 35% of PCL stock. Jefferies London analysed current for-sale…
Read More →
Breaking News

2026 Predictions for the Auctions Sector

Daniel Gale, Head of Auctions, First for Auctions, part of LRG “As we enter 2026, market conditions are expected to mirror those seen last year. Buyer confidence remains cautious, borrowing costs are still high, and lenders continue to tighten criteria. This ongoing pressure on private treaty sales is driving more sellers towards auction as a…
Read More →
Breaking News

First-time buyer demand edges higher in Q4

The latest research by Yopa has revealed that first-time buyers are beginning to return to the market, encouraged by stabilising interest rates and the base rate cut seen in December, with demand edging higher during the final quarter of the year. Yopa analysed first-time buyer (FTB) demand based on the proportion of homes listed under…
Read More →