Residential rents are continuing to rise as the shortage of property is made more acute by landlords pulling out of the market.
The latest quarterly report from lettings agency Citylets shows rents in Scotland’s big cities have increased significantly and hit a new record average of £1,214 per month in the capital.
Nationally the average monthly rent in Scotland is up 8.5% year on year (YOY) to £896, with the average time to let (TTL) for properties standing at just 20 days. More than a third of all properties (35%) were let within a week, while 77% were let within a month.
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