Majority of Scottish regions see rents boosted in September – Your Move

The buy-to-let market is looking good for landlords north of the border, Your Move claims, with four of the five regions of Scotland seeing rental increases in the 12 months to September.

However, the latest Your Move Scotland Buy to Let index shows that a 6% annual drop in Glasgow & Clyde took the national average rent down to £574 per month, lower than the £579 recorded in August and the £575 this time last year.

The strongest growth came in the Highlands & Islands where rents were 5.6% higher than a year ago at £610 per month.

This was followed by Edinburgh & Lothians, home to the highest rents in Scotland at £669 per month, up 4.5% annually.

The East of Scotland remains the cheapest place to rent in the country, up 1.9% year-on-year to £538 per month, while Glasgow & Clyde posted a year-on-year price fall, down 6% to £541 per month compared with last year.

Brian Moran, lettings director for Your Move Scotland, said: “With four of the five regions of Scotland showing price growth in the last 12 months, things are looking up for Scottish landlords.

“Returns remain highly competitive and landlords are enjoying greater stability from their tenants.

“However, the upcoming introduction of the Letting Agent Code of Practice means landlords should ensure their agent is ready for the changes.”

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