Edinburgh property rentals increasing

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EDINBURGH’S property market is proving more attractive to investors as it recovers from the downturn affecting Scottish house prices in recent years, experts have said.

Estate agents Rettie & Co today predicted prices will continue to rise in the coming months.

Rents rose by four per cent on average last year, but the popularity of some areas has seen double-digit increases.

The latest issue of their new residential investment market briefing focused on the Capital and says that there has been a surge in investors snapping up property as the demand for houses for rent is currently outstripping supply. The report is the latest sign in an upturn in the housing market, following five years of slow growth in the wake of the global financial crisis.

The firm says that investment is already happening across the city on both a small and large scale, particularly close to Edinburgh City Centre.

Demand is being fuelled by a growth in the city’s student population.