The latest of our lettings bulletins has been released. The findings have come from our carefully researched data courtesy of the Rettie & Co. 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.