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
Citylets said the Scottish Government was partly to blame for the growing gap between the rents of those looking for new accommodation versus those protected by the rent freeze. Edinburgh and Glasgow were the areas recorded with the highest monthly increase, with rents priced at an average of £1477 and £1141 respectively, according to the data.
The report states the increases underline “what many in the industry feared from the outset that the new legislation would acerbate the supply demand imbalance”. “The average tenant already spends at least a third of their income on rent, any further increase is pushing tenants to the edge. “This Government needs to act to ensure tenants can challenge any rent increase in the meantime and then act to bring rents down.
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