You are here: Home - News -

Election jitters saw Scotland rents fall

by:
  • 29/06/2017
  • 0
Election jitters saw Scotland rents fall
The buy-to-let market in Scotland cooled ahead of the election, figures from estate agent Your Move have revealed.

Average rents stood at £561 at the end of May, down 2.3% on April’s figure.

Despite the fall in rents, however, landlords in Scotland are still receiving stronger yields than much of the UK. The average yield in May was 4.9%. The average yield in England and Wales was 4.4%.

According to the figures, only landlords with properties in the North East and North West regions of England enjoyed higher or equal returns at 5.2% and 5% respectively .

Brian Moran, lettings director at Your Move Scotland, said: “With the general election taking centre stage throughout May, it should come as no surprise that rents ticked down from their previous level. Prices in most areas remain above where they were a year ago, with growth coming across a number of areas.”

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
Bridging market continues recovery following referendum shock

The bridging market is continuing its return to growth after last year's EU referendum saw lending fall considerably, latest figures...

Close