Average 2 bedroom private rents up by 4.4%

The Caithness Business Index has posted the following article:

Average 2 bedroom private rents up by 4.4%

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Between 2016 and 2017, 15 out of 18 areas of Scotland saw increases in average rent levels for 2 bedroom private rental properties, ranging from 0.7% in the Ayrshires to 6.9% in Lothian and 7.0% in Greater Glasgow. Aberdeen and Shire saw a decrease of 9.6%, the third consecutive annual decrease, which is likely to reflect decreased demand for rental properties following the downturn in the oil industry. [Read Full Article]