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Insider UK
Insider UK
Business
Peter A Walker

Scottish rental market reaches five year high

Scotland has seen some of the strongest apartment rental price rises in the past five years, with Glasgow and Edinburgh witnessing 51% and 27% respectively.

The latest Big Six research from property services firm JLL - which tracks residential development activity, prices and rents across Leeds, Birmingham, Manchester, Bristol, Edinburgh and Glasgow - showed that demand for city centre homes had risen for the first time since before the pandemic.

Glasgow has recorded the most significant annual increases in rents, with a shortage of new stock and higher specification new build rentals pushing average prices up by more than 20% in summer 2022 compared to the same period last year.

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