Edinburgh rents up 6.6% to £972 average

Edinburgh rents are highest in Scotland

Average rents in Scotland’s private rented sector recorded a 2.1% year-on-year growth in the first quarter of 2016 to £767 per month, according to the latest Citylets quarterly report.

Edinburgh continues to be the most expensive city, with first quarter rents up 6.6% year-on-year to an average of £972.

One bedroom properties in Edinburgh rose 9.5% to £678.

Properties in general are letting very quickly in Edinburgh at just 23 days on average.

Edinburgh rentals are now into a fourth year of consecutive quarterly rises.

In Aberdeen — hit by the North Sea oil and gas slowdown — average rents have now fallen by more than 20% over the year, the steepest decline ever recorded in any Citylets quarterly report.

The average property in Aberdeen now rents at £865 per month and takes 53 days to let.

Aberdeen’s average rents are now below those of five years ago.

Glasgow rents have continued their upward climb — up 4.6% to £710 per month.

Rents for Glasgow’s one-bedroom properties rose fastest at 8.8% — and took just 26 days to rent.

Dundee rents were up 5.6% to an average of £620 per month.