Rents up month on month across Scotland, recording fastest May rise on record

Rents in Scotland are at a record high, up 1.3% in May, the fastest month on month growth on record, according to the latest buy to let index. Across Scotland the average rent now stands at £549, led by growth in Edinburgh and the Lothians with a year on year rise of 12%, the data from the Your Move index also shows. The report suggests that the cost of the Land and Buildings Transaction Tax (LBTT) surcharge of 3% for additional homes introduced in April has pushed up prices in the market. ‘R...