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Insider UK
Insider UK
Business
John Glover

Average monthly rental prices in Scotland up by 8.5%

The average monthly rental price in Scotland has increased by 8.5% year-on-year, with the average time-to-let for properties standing at just 20 days.

Analysis from letting platform Citylets found that prices increased to an average of £896 per month, with more than a third of all properties (35%) being let within a week - and 77% let within a month.

In Edinburgh, average property rents rose more than 14% year-on-year, reaching an all time high of £1,214 per month, while Glasgow recorded a 16% annual increase in average monthly rents, to £972.

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