“In Renfrewshire Q1, we’ve observed tenant demand consistently surpassing supply. With the expiration of the rent freeze and eviction moratorium in Scotland, landlords are inclined to raise rents to market rates, particularly as long-term tenants have been benefiting from reduced rates through the Cost of Living Allowance initiated by the Scottish Government. Furthermore, we’ve noticed that seasoned landlords are exiting the market due to mounting pressures stemming from new legislation enacted by the Scottish Government and increased mortgage rates. Despite these challenges, opportunities remain for new investors and landlords.”
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