Scotland’s PRS continued its recently rediscovered positive annual growth in Q2 2018, rising 1.3% to £799 per month on average representing an all time national high. All major urban markets continue to operate to trend but with Edinburgh recording an uplift in year on year (YOY) growth. Again, as per Q1 2018, 4 bed properties showed the strongest annual rise at 3.3% to stand at £1522. The average property to rent in Scotland takes just over 1 month to let at 33 days, unchanged from Q2 2017.
“Strong sustained demand for accommodation in Edinburgh and Glasgow continues to show through, with market conditions and overall mechanics of PRS largely running as normal despite the changes to PRT and still to arrive RPZ’s. Demand in the 1-2 bed markets from an investment point of view is busy and continues to offer new investors a route in. Slow and steady in the other regions with some notable uplifts; Aberdeen is still attempting to claw its way back despite solid let numbers, and we expect to see more prominent rent shifts by the end of 2018.”
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