“The continued dwindling supply of available properties in the PRS has seen rental prices surge in Q2 with unprecedented amounts of enquiries being received. Some properties recently advertised were receiving close to 100 enquiries, proving demand in West Lothian remains high. More landlords now appear to be exiting the market, citing rising costs and continued legislative changes. Interest rates and current legislation appears to be deterring new investment in the sector in the short term. We noticed a slight increase in the turnover within our own portfolio in Q2, however, not close to levels we typically expect, adding to the shortage of available stock.”
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