Round up on the rental market in Edinburgh in 201620 Dec 2016
The rental market in Edinburgh has been strong throughout the course of the year with the traditional peak periods appearing to be even busier than before.
During the peak Summer months, it was hard to keep hold of properties. Brexit did slow New properties coming onto the market but this appears to have been short lived and there are more properties coming to market, particularly from the buy to let sector; Of course with the changes in legislation and changes in tax, we have seen some Landlords who were already finding margins tight, look to exit the market. The higher end of the market has not achieved such high rents and there has been appetite in Edinburgh to try the short term (nightly rents) market.
What’s happened to rents this year?
In general therefore we have seen rents increase and by significant amounts in some areas. The biggest increase has been in Slateford with a huge 14 % increase over last year’s rent levels, following that we have seen increases in traditional hotspots such as Marchmont and Roseburn, unsurprisingly good areas close to the city centre and with great transport links both in and out of Edinburgh. Leith has seen an 8% uplift in the last year, proving very popular with buy to let investors, with affordable high yielding properties. Southside and areas around Piershill, Abbeyhill, Meadowbank have also seen great returns for landlords. The old rule of thumb still applies that good properties close to the city centre provide good returns and solid investments.
Check out our Top 10 rent increases below and in graphic form.
|Rent (pcm)||Rent (pcm)|
|Haymarket / Roseburn