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Scottish rents fall because of general election

by Kevin Rose
30 June 2017
Scottish rents falling in real terms
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Your Move Scotland has reported that the average rent north of the border dropped back ahead of general election.

Prices fell 2.3% between April and May but are up compared to 2016.

&The average rent stood at £561 by the end of the month – little over a week before the country went to the polls. This is 2.3% down on April’s gure but is 2.2% higher than was found in May 2016.

The report said prices in major city centres continued to perform strongly, as have rural areas such as the Highlands and South of Scotland – which prove highly attractive to people relocating.
 

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Brian Moran, lettings director of Your Move Scotland, said: “With the general election taking centre stage throughout May, it should come as no surprise that rents ticked down from their previous level.

“Prices in most areas remain above where they were a year ago, with growth coming across a number of areas.

“Tenants are drifting towards city centre living or completely rural life as it was these areas which saw the most interest during May.

“The Highlands and Islands saw prices rise sharply compared to last month while in the South rents are 8.8% more than a year ago.”

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