Welcome to the Rettie Blog, your go-to destination for all things property-related. Whether you're a seasoned investor, a first-time homebuyer, or simply a property enthusiast, our blog is here to provide you with insightful tips, market trends, and expert advice to help you navigate this exciting world. Join us as we explore the latest property hotspots, share DIY home improvement ideas, and offer valuable insights to make informed decisions in the ever-evolving property market.
The Scottish Government has confirmed the rent increase procedure which will apply when the rent cap legislation ends on 31st March 2024. It will allow for Landlords to increase rents and for Tenants to dispute increases. The idea is simple enough, but the process isn't.
From Spring 2023 through to Autumn, demand for rental properties across Edinburgh and Glasgow far exceeded supply, leading to steep competition between tenants and double digit rent inflation. With the 3% rent cap remaining, combined with the rise in interest rates, landlords with vacant properties increased their rents more than in previous years.
Welcome to Rettie Research Property Consultancy, where we approach the evolving world of property consultancy in a fresh light. Recently recognized as Associate Member of the Year at the Homes for Scotland Awards, our team invites you to join us and become part of a team that helps to set new standards and shape the property industry.
As we approach Christmas, the air is filled with the sweet scent of holiday anticipation. However, for many, the joy of Christmas can be overshadowed by the stress of hectic preparations, last-minute shopping, and the pressure to create the perfect celebration. Amid the hustle and bustle, it’s easy to lose sight of the true spirit of the season.
Demand for rental properties across most levels in the market has been strong from the start of Q1 2023 and increased through Q2 & Q3. During the summer months, demand for affordable accommodation (£1000pcm - £1500pcm in Edinburgh & £800 - £1,200 in Glasgow), rose to almost unmanageable levels.