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



May

5

Launch of Citylets Report in Belfast

Filed Under Belfast Property News, Market News, Renting news by DanCookson | Leave a Comment

We were delighted with the response we have had from Media, Agents and Landlords to the first issue of our quarterly report into the private rented sector (PRS) in Belfast.   Print, Radio and Online Media all covered the story (Irish Times and Belfast Telegraph) it seems our analysis meets a growing need for timely and accurate information on the expanding PRS in Northern Ireland.

Key headlines from the report which was published last week are an annual drop of 6.2% in average monthly rents in the first quarter of this year to £544. However, the average time it takes a landlord to let a property has come down significantly over the year, which suggests the over supply problems seen in some areas might be resolving themselves. For example, one-bed properties are now taking an average of 38 days to let, some 23 days less than a year ago.

Our map guide to the most and least expensive areas in Belfast was particularly popular:

Copies of the Belfast report can be downloaded here:  Citylets Rental Report