Scottish PRS Rental Report From Citylets Q2 2024

Buted Out | Issue 70

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  • Rate of rental growth eases in major cities
  • Markets buoyant in town and country
  • Dundee closes in on £1000 average
  • RINs return in earnest

Scottish Monthly Rent Analysis Q2 2023-Q2 2024

Whilst the ending of the power sharing agreement between the SNP and the Scottish Greens may have had its roots principally in other matters, there is little doubt it will have been welcomed by many in the property sector concerned at aspects of the Housing Bill currently before parliament. For too long it has been felt that the agenda in the Private Rented Sector has been driven by the Greens without the necessary checks and balances on the impact on housing supply.

It may have cost the then first minister his job but has perhaps left the bill more open to amendment and laid a path towards a better result for Scotland’s housing. With a series of seismic events surrounding the SNP in Q2 2024 leading into a....


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Scotland Average Stock Levels Q3 21 to Q2 24

Scotland

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Citylets Rental Index - Scotland

Market Composition

Households: Rented

David Alexander

David Alexander - DJ Alexander Ltd

“Demand remains extremely high across Scotland but particularly in Edinburgh and Glasgow with rents rising substantially in the second quarter. The number of applications per property is at record levels and this is likely to continue throughout the year. Uncertainty over the Housing Scotland Bill continues to produce some concern, but the returns on investment remain very good, resulting in many landlords remaining committed to staying in the market until some clarity emerges about the direction of travel. Overall, the Scottish market is resilient and extremely buoyant, and this is likely to remain the case for some time to come.”

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