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.

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