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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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.

Most Expensive Area to Rent a Two Bedroom Flat is a post from: Citylets News

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

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.

Glasgow wins 2014 Commonwealth Games bid is a post from: Citylets News