Average 2 bedroom private rents up by 2.4%

The Caithness Business Index has posted the following article:

Average 2 bedroom private rents up by 2.4%

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Between 2018 and 2019, 15 out of 18 Broad Rental Market Areas of Scotland have seen increases in average new let rents for 2 bedroom properties, ranging from 0.2% in North Lanarkshire, up to 5.3% in Greater Glasgow. Three areas have seen decreases, including Aberdeen and Shire which has seen a decrease of 0.3%, the fifth consecutive annual decrease, following decreased demand for rental properties in recent years due to the downturn in the oil industry. [Read Full Article]