Lettingstats Reveal Healthy Rental Market

10 Jul

Lettingstats

A report for Scotland’s private rented sector – essential resources and analyses for tenants, landlords and agents.

Lettingweb are delighted to bring you the new ‘maptastic’ Lettingstats report compiled by Dan Cookson, Head of Research at Lettingstats.

This new report provides you with the most in-depth and innovative analyses on the market and includes a new feature that gives you free access to a variety of interactive maps that illustrate the cost of renting in specific locations around Scotland. These maps show a variety of data such as average monthly 2 bed rents, the latest prices of flats, changes in rent prices from 2010 to 2014 and counts of households in the PRS and other tenures.

The cost of private renting from 2010 to 2014 has risen significantly less than the rate of inflation; however, tenants have faced difficulties in Aberdeen where prices have outstripped inflation. The issue is not letting agents or bad practices, but simply a lack of supply. According to the Census (2001, 2011) Aberdeen City’s PRS population grew almost 150% from 14,7111 to 36,496. Aberdeen planners and politicians have a lot of work to do to accommodate rising market demands due to the rental population increase.

The Lettingstats report also reveals that from 2010 to 2014 average bedroom rental properties have risen by just 6.9% in Scotland. Overall, the Spring 2014 report proves a key finding: that we have a generally healthy private rented market in Scotland that delivers excellent opportunities for tenants, landlords and agents.

Find out more about current rental housing trends affecting tenants, landlords and agents across Scotland: Spring Report 2014.