The latest index shows that rents across the UK increased by an average of 2.4% in the last year, up 1.8% in 2016. Rental growth is on the rise once again, but not at previous levels, still lower than both 2015 and 2014. For Scotland, increases have been higher than most, even outstripping figures from London.
Rents in Scotland were up 3.3% in 2017, to an average of £640, and this shows demand and real interest in the rental market across the country. Tenants looking for homes across Scotland and in Edinburgh, have plenty of choice and while costs may be increasing, landlords have stricter rules to follow and therefore quality is rising too. If you are considering renting in Edinburgh, the letting agent Edinburgh tenants choose can really make a difference to their stay.
Renting with a Letting Agent in Edinburgh
When moving to a new city or simply a new property, working with a letting agency saves time and stress. A good letting agent in Edinburgh will help you find the right property for your needs thanks to their local and market knowledge. This is especially valuable if you are new to the area and want to ensure you are well-positioned for your new life.
Letting agents also help add a further layer between tenants and landlords, should there be issues, and they have the industry experience to ensure smooth solutions for any problems too. It is important that tenants research their letting agency before making a choice, especially when rents are increasing. You want to be sure you are working with a reputable firm, who are offering fair rents, in line with market value, rather than simply boosted up because that’s what the latest figures indicate is happening.
When compared to the rest of the UK, rents in Scotland are still relatively low. City rents are understandably higher but the benefits that come with moving to Edinburgh, for example, far outstrip the additional costs involved in renting the perfect property.