The new statistics show that around 30% of UK tenants are spending their
net incomes on paying their rents. The percentage of tenants is seen
escalating in to 32% in London The newest report from property lettings
portal Citylets noted a strong growth in the Scotland’s rental market.
The average rent in Scotland at present is £664; a 2.6% rise compared
with the first quarter of 2011.Average rents in the city saw a moderate
rise of 0.7% as a whole.
Going city wise, Aberdeen has seen the most expensive rent rates of three bed flat reaching an average of f £1,200. The city’s one bed rent rose to an average of £574, an increase of 1.1% on the same time last year whilst two bed rents saw a bigger increase of 1.5% to £864.
The city of Edinburgh saw an overall increase in 2.9% in the average monthly rent. Whereas Glasgow, saw an increase of 10.6% in three bed rents making an average rent rate increase to £832. The city also saw rise in one bed rents e to £463, a promising increase of 2.9%.
Scotland’s most affordable city is Dundee, the rents of which for two beds stand at £534. The rent figure is down to 6.6% as compared to last year. This is due to the increased advertising of these properties.
‘It is welcome news that while the rental market is continuing to expand rapidly in Scotland that on the whole the market appears to be meeting demand which is why increases in rents at the national level tend to be relatively modest,’ said Dan Cookson, senior analyst at Citylets.
‘This quarter’s figures are reassuringly steady which has continued to cement the confidence in the rental market. The key thing is that the market is steadily expanding at a time when the housing sales market is still in recovery mode,’ he added.
Going city wise, Aberdeen has seen the most expensive rent rates of three bed flat reaching an average of f £1,200. The city’s one bed rent rose to an average of £574, an increase of 1.1% on the same time last year whilst two bed rents saw a bigger increase of 1.5% to £864.
The city of Edinburgh saw an overall increase in 2.9% in the average monthly rent. Whereas Glasgow, saw an increase of 10.6% in three bed rents making an average rent rate increase to £832. The city also saw rise in one bed rents e to £463, a promising increase of 2.9%.
Scotland’s most affordable city is Dundee, the rents of which for two beds stand at £534. The rent figure is down to 6.6% as compared to last year. This is due to the increased advertising of these properties.
‘It is welcome news that while the rental market is continuing to expand rapidly in Scotland that on the whole the market appears to be meeting demand which is why increases in rents at the national level tend to be relatively modest,’ said Dan Cookson, senior analyst at Citylets.
‘This quarter’s figures are reassuringly steady which has continued to cement the confidence in the rental market. The key thing is that the market is steadily expanding at a time when the housing sales market is still in recovery mode,’ he added.
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