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Latest Scottish Quarterly Lettings Report from Citylets

25 April, 2017

Written by Pillow Partners

The latest Citylets Quarterly Report for Q1 2017 (1st January – 31st March) records a return to strong growth across the central belt after some seasonal cooling last quarter. Rents in Aberdeen continue to fall but at a lesser rate providing further clear evidence of a market beginning to level off. Overall, the National picture is a zero sum game with just 0.1% annual growth recorded.  

Edinburgh, Glasgow and West Lothian recorded 5.2%, 4.2%, and 5.3% annual growth respectively. The figures for Scotland’s largest 2 cities are down on the 3-5 year trend of circa 6% and may represent the new growth level.

Aberdeen’s negative annual growth improved from -15.4% last quarter to -11.2%.

A summary of the report findings and a link to the report can be found at:

https://www.citylets.co.uk/blog/zero-sum-game/