Your Move Scotland has reported that the typical property in Scotland let for £569 per month (not seasonally adjusted) during June 2017, 1.4% higher than the previous month.
This is also 1.8% up compared to last June, when the average monthly rent stood at £559.
The Edinburgh and the Lothians region continues to boast the highest rents in the country, with the average rent being £661 per month.
Prices in the capital and its surrounding area, have also enjoyed strong growth in the last 12 months. At the same point in 2016 the average property let for £639, meaning prices have increased by 3.5% in a year.
The only other area of Scotland to boast rents above the £600 mark this month was the Highlands & Islands region, where the average price hit £602 – 2.9% higher than a year ago.
At the other end of the scale, the East of Scotland – including major hub Aberdeen – is currently the cheapest place to rent in the nation. The average property here lets for £541 per calendar month.
On a monthly basis prices increased in most regions of Scotland. The Edinburgh & Lothians region saw rents increase by 0.8% – faster than anywhere else.
The South and East of Scotland both saw rises between May and June, at 0.4% and 0.1% respectively.
Brian Moran, lettings director of Your Move Scotland, said: “Slow and steady is the name of the game in Scotland. While the political landscape has changed dramatically the rental market continues its solid progress.
“Rents across Scotland are now 1.8% higher than a year ago, and have risen by 1.4% in the last month alone.
“Landlords are enjoying excellent returns on their investment, with the typical property returning 4.9% to owners – a strong performance in today’s economic context.
“Landlords south of the border will be envious of the Scottish market, as returns are much stronger than in most regions of England and Wales.”
