The Scottish property market continued to progress during July, with prices growing month-on-month and rental yields again performing strongly.
The average rent in Scotland - not seasonally adjusted - was £575 during July 2017, according to Your Move Scotland. This is 1% more than the £569 recorded last month and the highest total recorded since February.
The Edinburgh and Lothians region was most expensive, with rents at £662 a month, and the lowest in Eastern Scotland, with £541 a month the average.
Brian Moran, Lettings Director, Your Move Scotland comments:
“The rental market in Scotland continues to improve, with rents in July performing as well as they have all year.”
“The next year will be an interesting time for the rental market due to the launch of a new style of tenancy agreement in December, while additional rules governing Scottish letting agents come into force in 2018.”
“Whether you’re a landlord, tenant or letting agent now is the time to take stock and make sure the rental market is working for you and that you’re prepared for these changes.”
“Looking ahead, we can expect the end of the summer to see a rise in letting activity as students move into new properties ahead of the academic year.”