Scottish landlords can look forward to a fantastic New Year as rents in Scotland are at an all-time high.<\/p>\n
According to the buy to let index on the YourMove website, rents in Scotland have risen by 2.2%. This means the average monthly rent on a property in Scotland is \u00a3527 per month and Scottish landlords<\/a> are now enjoying a fantastic 8.4% return on their investment.<\/p>\n On the opposite side of the coin, YourMove has also revealed that the number of tenants in arrears has risen to 6.6 per cent, which is not so good for landlords.<\/p>\n More Landlord Investment Needed<\/strong> Campbell believes that the only way to reduce the current rental housing shortage is for more private landlords to invest in rental properties.<\/p>\n \u201cIf buy-to-let investment dries up, and the pool of properties to let contracts, rents will swallow the shortfall and eat into tenant<\/a> finances,\u201d she adds.<\/p>\n Ban Rip-off Rents Says Labour<\/strong> \u201cToo many families are just getting by, the last thing they need is an exploitative rent hike from a bad landlord. That is why Scottish Labour proposed to ban rip-off rent rises.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Scottish landlords can look forward to a fantastic New Year as rents in Scotland are at an all-time high. According to the buy to let index on the YourMove website, rents in Scotland have risen by 2.2%. This means the … Continue reading
\nAccording to Christine Campbell from YourMove, \u201cScottish rents have been steadily edging forwards and reached a new pinnacle in November. Demand and supply are still out of kilter and in highly sought-after employment and cultural nerve-centres like Edinburgh this overflowing competition for homes to let has topped up rent prices.\u201d<\/p>\n
\nMichael McMahon, the Scottish Labour housing spokesman says these figures indicate a need for reform in the Scottish private rental sector.<\/p>\n