Jan

31

Crunch Times in Letting

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The current credit crunch in the UK may mean a slowdown for many parts of the economy but the residential letting sector in Scotland is flying at the start of 2008. Citylets has recorded its busiest January to date with the volume of searches launched for property to let in Edinburgh and Glasgow increasing 24.7% and 19.4% respectively on last year.

While there is talk of economic adversity, people will be wary of buying homes. Others simply will not be granted their mortgage. This will drive more people to rent and for longer and we expect the demand for properties will continue to soar well into Q3 of 2008. This is good news for private landlords and their agents but tenants should expect to see rent rises in some areas.
Managing Director Thomas Ashdown commented:

 “It only stands to reason that we are seeing an increase in demand in the letting sector, something we have been expecting over the last 6 months, but the size and speed of the increase is of interest. Most noticeably demand for 2 bed property in edinburgh has shot up by over 30%.



Jan

11

New To Citylets Network- Szkocja.net

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Citylets has further extended its network and local reach through an exclusive partnership with Szkocja.net, the leading Polish community portal. The majority of properties placed on Citylets will now appear on szkocja.net fully translated within 24hours. Its property channel, though one of many facilities of the site, is one of the most visited and we regard this tie up as your guaranteed way of reaching this large rental market.

Citylets MD Thomas Ashdown commented, “Partnering with Szkocja.net is in my view one of our best tie ups for the Citylets Network over the last few years. It is phenomenally popular as a focal point for Polish Nationals in this country averaging 600 000 unique visitors per month.”

Szkocja.net meets a much needed public service to the estimated 100k Polish migrants estimated to be living in Scotland but it is privately funded by far sighted Polish nationals who have now found themselves pivotal figures in the Polish & Scottish communities.

We congratulate Szkocja.net for their exceptional efforts & professionalism and welcome them to our network.