According to the latest buy to let index from Your Move, Scottish rents are increasing faster than those in England and Wales, The average rent in Scotland has increased by 2.2% in the last twelve months, compared to 1.5% in England and Wales.<\/p>\n
Record Highs in Edinburgh<\/strong> \u201cScotland may be outperforming the rest of the UK with higher employment rates and rising wages, but when the rate of inflation is taken into account, in real terms earnings aren\u2019t helping people climb out of the red,\u201d explains Christine Campbell from Your Move.<\/p>\n Rental yields in Scotland in October were 4.1%. This is a slight drop on the same period last year \u2013 in October 2013 rental yields were 4.2%. The annual return on rental property<\/a> was 8.9% over the last twelve months, but this dropped off slightly before the Scottish independence referendum.<\/p>\n The Scottish Independence Effect<\/strong> According to the latest buy to let index from Your Move, Scottish rents are increasing faster than those in England and Wales, The average rent in Scotland has increased by 2.2% in the last twelve months, compared to 1.5% in … Continue reading
\nThe average rent in Edinburgh is \u00a3615 per month, which is a record high, but Glasgow has fared less well \u2013 rental prices there have dropped slightly. Unfortunately the increase in rental<\/a> prices has affected affordability and rent arrears are on the up. 6.5% of Scottish tenants are now in arrears, compared to 6% twelve months ago.<\/p>\n
\n\u201cThe question of Scottish independence loomed large over the housing market this summer, and property price growth faltered as would-be buyers and investors hesitated to see how the votes rolled in. While this has left a tiny imprint on landlord returns in the past couple of months, this impact was cushioned by stable and resilient rental income \u2013 and the outlook certainly hasn\u2019t dulled for buy-to-let,\u201d says Christine Campbell.<\/p>\n","protected":false},"excerpt":{"rendered":"