Property to rent in West Lothian continued to rise above 4% YOY to average just under £700 (£697) and, as per last quarter, the market is moving a full 9 days faster than last year at 30 days. The majority of properties in the region are let within a month (64%).
“West Lothian remains strong, with a moderate increase in rent and a reduction in time to let. Demand for rental properties in Falkirk and the surrounding area is down a wee bit at the moment because of a combination of Brexit – both its general uncertainty and the reduced number of new people coming into the area – and, to a lesser extent, the number of new properties that have been built and the incentives to first time buyers for these – which has meant some past renters are now buying their own homes. This is meaning that high quality, sensibly priced properties are still being rented out quickly but the less attractive properties are taking longer to rent.”
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