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Wednesday, November 15, 2017

Edinburgh and rents

Private rents now account for about a third of all households in Edinburgh - roughly 140,000 city residents - as numbers soared in the years following the financial crash. There has been a rise of 33.7% in rent costs between 2010 and 2017 in Edinburgh and the Lothians, the Scottish Government figures show, while rising 6.9% between 2016 and 2017. 

Glasgow has also seen a 32.1% since the start of the decade and 7% over the year. All other areas of Scotland are below the national average of 19.9% and 4.4% respectively.

The average rental cost of a two-bedroom flat now stands at almost £900. The same type of property costs about £550 across the rest of Scotland.

 For a one-bedroom flat, it now costs more than £700 (£704) to rent a one-bedroom flat in the capital on average - up from £520 at the start of the year.

Adam Lang of Shelter Scotland, said: “Rent increases of these amounts will hurt those who are already living on a knife-edge. “We already know that a great many families are struggling day-to-day to keep a roof over their heads. Affordability was the single biggest reason people came to Shelter Scotland with last year and private renters are the biggest group who contact Shelter Scotland for help."




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