Tenants across Capital hit as landlords increase rents

0
Have your say

THE average cost of renting a property in the Capital has risen over the last year.

The latest Citylets Report for the last three months of 2011 shows that two-bedroom properties in Edinburgh attracted an average rent of £711, a year-on-year rise of one per cent, with properties taking an average of 29 days to let.

Meanwhile, one-bed rents in the city reached £555 on average, up 4.1 per cent on the 2010 figure. The average time to let was just 25 days.

Dan Cookson, senior analyst with Citylets, said: “Generally, landlords are enjoying steady increase in rents, while properties are generally empty for less time.

“The good news for tenants is that rent rises are well below inflation. Landlords are not being greedy. It’s a competitive market and most of them are in it for the long-term.”