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.
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.