Regional differences drag down Scottish rental growth

Rental growth in Scotland was relatively flat during July despite double digit annual increases in some parts of the country.

Your Move data shows rents were up by just 0.1% annually to £572 per month.

However, tenants in Glasgow & Clyde and the Highlands & Islands regions have seen annual growth of 10.3% and 11.5% respectively.

Tenants in Glasgow & Clyde are now paying £600 a month on average, while those in the Highlands & Islands are paying £674.

The Edinburgh & Lothians region saw a 3.1% annual increase in rents to £683 per month.

But a 3.9% annual decline in the south of Scotland and 2.7% fall in the east dragged down average rents overall.

It comes after the agency’s figures for England and Wales showed rental growth was also flat south of the border, with the south-west registering the largest increases at 3.7% annually.

Brian Moran, lettings director at Your Move Scotland, said: “There are still strong variations in rents across the different areas of the nation.

“The major cities of Edinburgh and Glasgow continue to post price rises while more rural areas have gained less traction.

“Despite these regional differences, the Scottish rental market as a whole continues to offer much higher returns than much of England and Wales.”

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