Despite other regions of the UK seeing a drop in house prices, this is not the case for Scotland. House prices across the country are continuing to rise according to the latest monthly report by RICS Scotland. Increased house prices is a signal of demand in the country, both for sales propertie and rentals.
RICS Scotland reported a net balance of 39% more chartered surveyors saw a rise in home prices across Scotland. The national figure however was -8%, with flat results for February and March. Scotland’s current position has been described as the “most upbeat” by surveyors, when it comes to sales prospects in the UK. Downbeat figures can be seen for other parts of the UK, especially in London, where prices are showing a significant reduction.
Tenant Demand in Scotland remains Steady
The same report shows that the lettings market remains steady across Scotland. Tenant demand in the three months up to April 2018 was steady, with a net balance of 6% of surveyors responding reporting an increase in activity. Rental growth expectations were also positive in the last quarter of 2018, with many chartered surveyors predicting further increase.
This is positive news for letting agents Edinburgh tenants use, as well as those across Scotland as demand continues to ensure their properties are filled. Moving to Scotland remains hugely popular, with Edinburgh top of many people’s wish list. Rising house prices may put some people off but average house prices in Edinburgh are still below those in most of the rest of the United Kingdom and the rental market is packed with fantastic properties to choose from.
Finding a rental property in Edinburgh or the rest of Scotland is made considerably easier when you partner with a letting agency. It takes a way a lot of the stress involved with the process and allows there to be an additional, helpful support between you and your new landlord. It is especially useful if you’re moving from abroad or a considerable distance away in the UK.