A SIGNIFICANT rent gap is emerging between those already in tenancies and those seeking new accommodation, a new report has found.
The latest quarterly report from leading estate agents Citylets put the average monthly rent in Scotland at £1081 over the period April to June 2023 – an increase of 11.4% compared to the previous year and a 35.5% change in five years.
An initial rent freeze was announced in September 2022, before being extended until March 31 2023 where it was then replaced by a Renfrewshire was the only area assessed which had not witnessed a double digit change compared to the previous year, with a 7.4% increase in average rents from 2022.
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