Rents in Dundee continue to push upwards to a new ATH of £794 on average, up 12.3% YOY but interestingly with TTLs lengthened on last quarter and also last year by 8 and 6 days respectively.
“Q3 presented a variety of challenges to the PRS, most notably the Government’s imposition of the removal of the ability to increase rents and a ban on enforced evictions across the board. The effects of this blanket change of policy, which is at present considered to be temporary, remains to be seen in the sector. Whilst demand for all types of rental property continues to be strong, the hope is that landlords choose to weather the immediate storm and do not remove themselves from the market. The high rents achieved in the current market are offering a degree of comfort to landlords and agents alike and Q4 is likely to follow suit in that respect.”
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