Key findings from the report include a 3.7% rise in average monthly rents from Q1 (£544) to Q2 (£564)  though this  represented an annual decline of 6.6%. However, the average time it takes a landlord to let a property has continued to fall over the year for all property sizes.

To download your copy of the latest report visit http://www.citylets.co.uk/reports/

is a post from: Citylets News

Technorati Tags: Belfast Rents

Citylets.co.uk recorded 57% more visitor traffic than its nearest placed UK competitor despite having no operations in the large rental markets of England. Citylets.co.uk remains dedicated to Scotland and parts of Northern Ireland.

In the monthly rankings of top performing property sites in the UK released by Hitwise, citylets.co.uk was ranked 65 overall in the top 100 for the second month in a row.

Citylets.co.uk – UKs No 1 Residential Lettings Site Jul 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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No1 Lettings Site in UK is a post from: Citylets News

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

The majority of the 100,000 Private Landlords in Scotland have very small portfolios and are looking for capital growth on their investment. If Private Landlords are discouraged from remaining in the market by the prospects of lower capital gains and hard to get finance there is a possibility that they will withdraw from ‘buy to let’  leading to a lack of  supply of suitable rental properties to meet the growing demand in the future.  If this pans out rents will have to rise which will eventually attract serious landlords back in to the market.

“I believe a ‘rental income’ based approach to property investment will be the way forward – which will encourage or require landlords to enhance and maintain their properties to the highest standards so that they can achieve the higher rentals.”

Budget impact on Private Lettings Sector is a post from: Citylets News

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Citylets listings now appear on Google Maps UK and early indications are that this is adding only a very small amount of audience to our Network reach. Will this change over time? As with all sites we distribute listings to, we’ll be monitoring their performance.

A lot of companies are claiming to have ‘partnered with’ or ’signed up’ to google which in our view overstates the relationship. Getting listings on googlemaps is via googlebase which simply takes a data feed.

As there is no direct relationship with Google there is no accountability or recourse to concerns. As such Citylets Network cannot consider them a primary partner in the way we do sites such as findaproperty or s1homes with whom there is a real and direct relationship and assurance that our customer listings will be shown. If we can’t guarantee our customers full exposure for all properties, our customers cannot pass this onto landlords so in addition to performance merit we advocate caution in the use of the google name for now and leave hype and spin to others.

Citylets Listings on Google maps is a post from: Citylets News

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This is the second ODI between the teams in as many years and sees Scotland, an amateur side, take on the elite of world cricket once again following on from recent games with India, Australia and Pakistan.

Scotland host England at Citylets Grange 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

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

Launch of Citylets Report in Belfast is a post from: Citylets News