Demanding Times for Scottish Rental Market

Property across Scotland is letting faster than at any time in recent years with continuing high tenant demand, according to latest research by Scotland’s leading online letting portal Citylets.

The Citylets quarterly report, Trends in Scottish Residential Lettings, released today, shows that more properties are being let, and being let more quickly, than in the same quarter of last year. The report also shows that Scottish rents rose by 4.5%– the highest rate of increase recorded.

The Q2 (Apr-Jun) 2008 report shows the average time it takes to let one/two bed flats – particularly in Edinburgh and Glasgow – has dropped sharply, as rent levels rise.

Contact: Holyrood Partnership
Phone: 0131 561 2244