The overall average monthly rent in Scotland now stands at £656, a rise of 1.9 % on Q4 2010. Meanwhile, the average time to let (TTL) figures rose slightly from 35 days in Q4 2010 to 39 days in Q4 2011.  Scotland-wide, the average rent for a two-bedroom flat rose 1.5% from £617 to £626 between the final quarter of 2010 and the same period in 2011. For one bedroom flats, the average rent rose 3.6% year on year, from £473 to £490.

Citylets Rent trends Q4 2011

Issue 20 of Citylets Rental Report caps five full years of analysis is a post from: Citylets News

The latest Citylets quarterly data report saw the average rental price in Scotland rise by 2.2% over the past year to £644.The figures also show that the average time taken for properties to let in Scotland has fallen to 35 days – the lowest it has been since the height of the credit crunch in 2008 when there was a surge of demand for rental property.

And in Edinburgh, rents are now at their highest-ever levels with the mix adjusted price for all property being £772 up 5% on the previous year. The average rental price for a 2 bed property currently stands at £704 (up 5.5% on 2009 levels), while the average rent for 3-bed properties has risen by 9.8% over the past 12 months to £1054.

Trends-in-Scottish-rents

A copy of the report is available at www.citylets.co.uk/reports

The Citylets Report Q4 2010 is a post from: Citylets News

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Rents continue to remain stable across Scotland’s three biggest cities.  In Edinburgh, the average rent for a two bed flat in the city now stands at £681, a rise of 3.2% on Q3 2009. The average time to let figure – a key indicator of demand for the private rental sector – currently stands at 31 days.

In Glasgow, the average rent for a two-bed flat is now £582 – a modest rise of 0.9% on Q3 2009 – while the average time to let figure stands at 37 days.

Aberdeen remains the most expensive city in Scotland to rent property, with the average rent for a two-bed flat in the city now standing at £791 – a rise of 3.3% on Q3 2009. The average time to let figure in the city currently stands at 34 days.

In this the 15th issue of the report we have extended our analysis to cover areas beyond the largest Cities and the map of Scotland below shows the extent of this new coverage.  Copies of the report can be downloaded from here: http://www.citylets.co.uk/reports/

The Citylets Report Q3 2010 is a post from: Citylets News

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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/

Trends in Scottish Residential Lettings Q2 2010 is a post from: Citylets News

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Our Top Ten is listed below:

Copies of the latest Citylets Rental Report for Scotland can be downloaded here: Citylets Rental Report

Citylets Rental Report Q1 2010 is a post from: Citylets News

Kirsty Allsop and Phil Spencer, the show’s presenters, scored Edinburgh highly in all six of their categories – where they judged each city on features such as house prices, crime stats, architecture, public transport, etc.  Edinburgh was favoured for its high concentration of museums and galleries (more in Edinburgh than any other local authority) and the high number of listed buildings in the city.  Its sheer beauty and lifestyle also contributed to Edinburgh coming out on top. With only 1.9% of the population receiving job seekers benefits, it also means that Edinburgh has a high percentage of workers in highly-paid professional occupations.  In terms of house prices, yes it is on the pricey side, with the average Edinburgh home priced at over £200,000 but that’s still half the price of London – not bad for a Capital city.

What do you think? Did Kirsty and Phil get it right?

Edinburgh named Best Place to Live in the UK is a post from: Citylets News