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.
Concerns over rental supply
- The impact of tax and legislative changes on the supply of rental stock in Scotland and the wider UK is becoming an increasing concern, with RICS identifying a significant imbalance between demand and supply in the market. In Scotland, this imbalance is seen in rising rents in cities such as Edinburgh and Glasgow.
- The future rental pipeline also looks weak, with the IMLA noting an 80% fall in net investment into Buy to Let in the UK over the last two years.
- There has been a drift of rental stock into the short-term lets sector, particularly in cities like Edinburgh (with over 8,000 Airbnb listings), but future legislation may seek to curb this.