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Where in Scotland is rent rising the fastest as three cities make UK-wide list
09.02.2022 - 03:21 / dailyrecord.co.uk
The UK cities with the fastest rising rent have been revealed in a Zoopla report and three Scottish cities have made the top 15.
In Scotland, rents have increased by almost five percent (4.8 percent) in a year and the average monthly rent is £639.
Glasgow was the highest Scottish entry at number six, whilst Edinburgh came in at number 10 and Aberdeen made the list at number 15.
Zoopla measured how much rent increased from December 2020 to December 2021 in its newly released quarterly rental market report.
Across the UK, the average monthly rent has hit a new high of £969 - £62 pcm higher than at the start of the pandemic.
In a blow to renters, the property website reported that the average annual UK rental growth has reached a 13 year high and average rents are up nearly 12 percent over the last five years.
Zoopla's report found that rents have risen in every region of the UK, but the lowest rise was in Scotland.
Rent in the UK increased by 8.3 percent on average and as much as 10.2 percent in Northern Ireland.
In comparison, Scotland's average rent rose by 4.8 percent.
The price of rent in Glasgow rose the highest in Scotland (9.5 percent), making the average rent £711.
Next on the list was Edinburgh where rent increased by 7.2 percent with £974 as the average rent - the highest in Scotland.
Aberdeen made it to the bottom of the UK top 15 list as rent rose by two percent with the average rent sitting at £577.
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