Deal or no deal, delayed or derailed, the prospect of any kind of Brexit eventuality continues to have no significant impact on the core urban markets in the Scottish PRS. A looming global slowdown, however, if materialised may yet soon test that. Meantime, the average property to rent in Scotland stood at a record £833 per month as at Q2 2019, up a significant 4.3% year on year (YOY), driven by strong gains in the central belt. Annual gains ranged from 3.1% for 2 bed properties to 11.3% for 4 bed properties, figures no doubt influenced by seasonal student competition for larger properties.
“The rental market is generally performing well with hotspots remaining in Edinburgh and Glasgow. There is a growing issue with changeovers shifting to the month end due to tenants now being able to select contract termination dates, which has resulted in many agents and landlords experiencing a higher than normal volume of work. However, our recent research into cash buyers found that Scotland has maintained almost the same volume of sales despite a serious falling off from this group of investors in other parts of the UK, indicating confidence in the continuing strength of the Scottish marketplace.”
I am a Tenant Landlord
