Scottish rents rise at one-third the rate of The united kingdomt & Wales
- Yearly rent development stagnant at 1.7percent in Scotland, while England & Wales rents grow 6.3% year-on-year
- Scottish rents fall monthly in September, with typical rents now 0.8per cent below summer top
- In Glasgow & the Clyde rents are in fact less expensive than this past year, with 2.6% yearly fall
- However tenant arrears have significantly more than doubled in past 12 months, from 6.4per cent to 13.2per cent of most rent paid later
Scottish rents tend to be increasing at not as much as a third of this price observed in the rest of Britain, amidst the conflict of this Private Housing Bill, based on the latest Scotland Buy-to-Let Index from Your Move, among Scotland’s largest lettings agent communities.
Average Scottish rents have risen just 1.7per cent in the past year, less than a 3rd regarding the rate currently being witnessed in England and Wales. While rents across The united kingdomt and Wales have soared by 6.3per cent previously twelve months, yearly rent development in Scotland has actually plateaued after a summer uplift.
Domestic rents in Scotland fell 0.3% from August to September 2015. This is basically the second successive month-to-month drop in Scottish rents, which means that the conventional lease in Scotland happens to be 0.8% less than at its summer time top in July.