Buy-to-letNews

Scotland rental growth up 1.7%

Rental growth in Scotland reached 1.7% in the year to May 2019, Your Move’s Scotland Rental Tracker found.

Rents rose by 1.9% month-on-month in Glasgow and the Clyde, while the region seeing the strongest increase on a yearly basis was the Highlands and Islands.

Brian Moran, lettings director at Your Move Scotland, said: “Although the property purchase market may have slowed in some areas, demand for rented homes continues to outstrip supply.

“This was seen most strongly in the Highlands and Islands region, where prices have leapt in the past year.

“Scotland’s major cities of Edinburgh and Glasgow showed impressive monthly figures, demonstrating the enduring popularity of these areas.

“And with landlord returns remaining strong once again, May was a positive month for the Scottish rental market.”

Scottish rental yields currently stand at 4.7%, where they have been since March 2019.

The only English regions to better Scotland in that department are the North East (5%) and the North West (4.8%).

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