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Rents rising as BTL landlords exit the market and stock dwindles

Rents in Scotland have hit a record high as demand from renters continues to heavily outweigh supply, fresh data shows.

Rents in Scotland’s largest cities have seen the largest gains, led Glasgow and Edinburgh, which have seen annual growth of 16% and 14% respectfully.

Rents in the Scottish capital remain the most expensive, at an average of £1,214 per calendar month (pcm), while in Glasgow the average is £972pcm, according to the latest quarterly report from Citylets.

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