Jul
30
Trends in Scottish Residential Lettings Q2 2010
Filed Under Aberdeen Property News, Citylets Rental Reports, Edinburgh Property News, Glasgow Property News, Market News, Renting news, Scottish Property News by DanCookson | Leave a Comment
We were really pleased that the BBC published our recent analysis of the Private Rented Sector in Scotland http://www.bbc.co.uk/news/uk-scotland-10698297
If you have not seen it our latest issue (No 14) of ‘Trends in Scottish Residential Lettings’ for Q2 2010 reported average monthly rents at £654 in Scotland, a 3.3% rise over the year. Rents in the 3 largest Cities eased upwards over the year as well. In Q2 2010 Edinburgh had an average monthly rent of £755, up 4.3% on the year, while Aberdeen rents were £854 up 2.0%. Glasgow saw rents of £590 which were up 2.6% on the previous year.
The Citylets Rental Index for Scotland stood at 110.9 in June which is the second highest figure recorded since the Index was initiated four and a half years ago (Jan 2006 =100). This and the steadily improving Time to Let figures are a clear indication of the increased demand for good quality rental property. Many tenants are extending their leases and pondering their first steps on to the property owning ladder.
To download your copy of the latest report visit http://www.citylets.co.uk/reports/
Jul
9
Most Expensive Area to Rent a Two Bedroom Flat
Filed Under Citylets Rental Reports, Citylets.co.uk News, Did you Know...?, Glasgow Property News, Market News, Renting news, Scottish Property News by DanCookson | Leave a Comment
Citylets has revealed figures showing for the first time the locations of the country’s most and least expensive rental areas.
The research shows that Glasgow’s Park neighbourhood http://goo.gl/2yAR is the top rental hotspot in Scotland, with the average rent for a 2-bed property standing at £1104, closely followed by Aberdeen and Edinburgh’s West End districts.
The cheapest area to rent is Johnstone in Renfrewshire, where the average rent for a 2-bed flat currently stands at £421.
This local area information will now be included in Citylets’ quarterly data reports, which provide the most in-depth analysis of the country’s rental market. The Q2 2010 Report will be published in the coming week.
May
5
Citylets Rental Report Q1 2010
Filed Under Aberdeen Property News, Citylets Rental Reports, Did you Know...?, Edinburgh Property News, Glasgow Property News, Market News, Renting news, Scottish Property News by DanCookson | Leave a Comment
Our latest Citylets Rental Report for Scotland saw average monthly rents standing at £638, a small 1.3% (£8) rise between Q4 2009 and Q1 2010 and an increase of just £1 on the previous year’s figure. The 3 main cities also saw remarkably stable rents over the year. In Q1 2010 Edinburgh the average monthly rent was £740, and in Aberdeen £858 both figures down just £1 from Q1 2009. Glasgow rents were £591 up £11 (1.9%) on the previous year. We have started to drill down and analyse local areas in our reports and the most expensive neighbourhood to rent a 2 bed flat in Scotland is Park (Glasgow).
Our Top Ten is listed below:
Copies of the latest Citylets Rental Report for Scotland can be downloaded here: Citylets Rental Report
Nov
9
Glasgow wins 2014 Commonwealth Games bid
Filed Under Glasgow Property News by admin | Leave a Comment
Today Glasgow celebrates their successful bid to host the 2014 Commonwealth Games. Glasgow competed against the Nigerian capital Abuja for the right to host the games in 7 years time and won with 47 votes to 24.
Alex Salmond, Scotland’s First Minister was proud to say, “We will make these games the greatest sporting event our country has ever seen. They will be our chance to show the whole world the very best of Scotland.” Hundreds of people gathered in Glasgow’s George Square to celebrate the result, alongside motorists blaring their horns in support.
In 2014, approximately 6000 sports men, women and officials will descend on Glasgow. Bid officials predict the new Athletes Village, situated on the banks of the River Clyde, will be twice the size of that of the 2006 Melbourne Games and cater for up to 8000 people. After the games, the village will act as a legacy for Glasgow, and all homes built will be made available for sale or renting – breathing new life into the area.
Citylets would like to congratulate Glasgow’s City Council for their efforts to secure the bid and we look forward to the positive impact this will have on the Glasgow’s city centre and the banks of the River Clyde.
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