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
13
No1 Lettings Site in UK
Filed Under Citylets.co.uk News, Did you Know...? by thomas | 1 Comment
Citylets.co.uk retained its position in June as the No1 residential lettings site in the UK, according to online competitive intelligence agency Hitwise. This is the third consecutive month that Citylets has outperformed all other lettings sites, whether competitors or partners. Of interest is the widening gap from its nearest direct competitor – despite covering a much smaller part of the UK (strictly Scotland and NI) we now have over 50% more visitor traffic. Currently ranked 65 in the UK for property sites, none of our direct competitors once again made the top 100.
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.
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