Average rents in Scotland down 0.7% in March, biggest monthly fall on record

Average residential rents in Scotland fell by 0.7% in March, the first decline in six months and the biggest monthly drop on record, the latest index data shows. This took the typical rent in Scotland down to £544 per month and suppressed annual growth to just 1.1% in March, a significant downturn from 2.1% in the year to February 2016, according to the buy to let index from lettings agent network Your Move. Annual growth in the rental market is now at a 13 month low and Edinburgh was the only ...