South Lanarkshire was the stand out area posting growth of 4.5% YOY to stand at a record high of £610 per month taking 1 month to rent on average (31 days).
“Autumn 2019 continues to be extremely buoyant with well-presented properties in the right locations being let within a few days. It has been possible to edge asking prices upwards with the biggest increases on houses and especially those with 3 or 4 bedrooms. Pet friendly homes are in high demand with many tenants prepared to pay a premium due to the limited number of landlords who will accept animals. A significant proportion of prospective renters state that the reason for their move is that ‘my landlord is selling’. Punitive taxation regimes, tighter lending regulations and an uncertain political outlook have all combined to restrict the supply of new homes into the rental market, whilst demand from tenants continues to strengthen.”
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