Scottish rents fall sharply '“ though not in cities

Rents in Scotland fell last month at the fastest pace since records began '“ and for the first time since September last year.

Prospective renters form a queue outside a property being made available to view. Picture: Ian Georgeson

Average residential rents dropped 0.7 per cent per cent in the month to March, according to lettings agent network Your Move.

In absolute terms, this £4 drop takes the typical rent in Scotland down to £544 per month, the lowest level in almost a year.

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However, tenants in cities such as Edinburgh have seen no fall in rental costs due to a higher level of demand than supply.

Brian Moran, lettings director at Your Move-Scotland, said: “Tenants in big cities like Edinburgh haven’t enjoyed the same reprieve at all.

“Investment from landlords needs to follow the tune of the jobs market and economic activity.”