Monthly rent rises on Edinburgh properties

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TENANTS in the Capital have faced a rise in their average monthly rent.

Across the city, the average payment increased by 2.9 per cent compared with the first quarter of 2011.

But two and three-bed properties saw a more significant rise. Three-bedroom homes were up five per cent to an average cost of £1028, while two-bedroom properties were up 3.7 per cent on the same period last year, with tenants typically paying £720 a month.

The latest data report from property lettings firm Citylets has shown that the average rent in Scotland stands at £664, a 2.6 per cent rise on quarter one of 2011.

Dan Cookson, senior analyst at Citylets, said: “This quarter’s figures are reassuringly steady which has continued to cement confidence in the rental market.”