Rental Returns Reach All-Time High

29 April 2015, 08:10

Annual rental returns in Scotland have risen to the highest level on record, according to figures.

It means landlords are, on average, earning £15,000 per property before mortgage payments or maintenance costs, with about £6,000 made up of rental income and £9,000 of capital gains.

The figures from lettings agent Your Move show Scottish landlords have seen total annual returns of 9.7% on average in the twelve months to March 2015, up from 7.2% from a year ago.

Buy-to-let investors in Edinburgh have experienced the strongest annual returns in the last year of 13.4% - equivalent to £27,135.

The average monthly rent in Scotland was £539 in March, a 1.3% rise over the year.

Brian Moran, area lettings director at Your Move, said: "The solidity of the Scottish lettings market is translating into a rise in the fortunes of landlords - who will have plenty of cause for cheer looking back at their returns in the past year.

"Particularly with signs that rent growth is amplifying once again, the reasons to invest in buy-to-let are being heard loud and clear.

"As more and more landlords join the party, the greater choice of rental homes on the market will ensure that rent inflation doesn't get too deafening for tenants.''

Scottish rental prices remain lower than south of the border, where monthly rents stand at £768 on average.

Amanda Holden Spills The Beans On Her Relationship

Amanda Holden Reveals She Has 'Always Loved' Simon Cowell

Scarlett Moffatt Opens Up About Her Split

WATCH: Scarlett Moffatt Reveals How She Is Coping With Her Break Up

Rachel Riley left red faced

Rachel Riley Left Blushing After Rude 8 Letter Word Appeared On Countdown!

Mel Sue Mary Berry

Mel And Sue Will Reunite With Mary Berry For A Christmas Special