The latest of our lettings bulletins has been released. The findings have come from our carefully researched data courtesy of the Rettie Research Team, Scotland’s largest dedicated property research department.
Key Findings
- Many landlords continue to move across to short-term lets, with a 30% increase in Airbnb stock in Edinburgh in the last year.
- The effects of some regulatory changes are questioned, with a lack of understanding of the deposit system obvious (over one-third of tenants not knowing how to claim back deposits).
- The traditional BTL sector in Scotland and the wider UK is now notably coming under pressure after a raft of legislative and regulatory change. BTL lending rates have gone up since the August interest rate rise, with the cost of an interest only £150k average standard variable BTL loan up 2.8% on the last month.