Edinburgh rent £479 more expensive than Glasgow

Edinburgh

The cost of renting a three-bedroom home in Edinburgh is £479 a month more expensive than Glasgow, according to the latest housing report by global mobility experts ECA International.

ECA said Edinburgh is the 45th most expensive city in Europe for rent, with a three-bed home costing £1,529 per month.

Glasgow remains the cheapest in the UK, costing £1,050 per month.

Aberdeen has seen a decline in average monthly rental costs, dropping by £190 to £1,235 per month.

ECA’s accommodation report is based on the average cost for an unfurnished, mid-market, three-bedroom apartment.

“In Aberdeen, the downturn in the oil and gas industry means that many employers are returning staff back to their home locations – and their healthy rental budgets along with them,” said Alec Smith, Accommodation Services Manager, ECA International.

“Changes in Scottish legislation over the past few years have affected the supply of rental accommodation in Edinburgh while demand remains strong.

“Tax increases on the purchase of second homes have driven up landlords’ costs, while the phasing out of shorthold assured tenancies means many landlords have increased rents to cover the perceived greater risks in renting out their properties.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.