Citylets Q1 Report Released

Citylets
Ken

Ken Bell MSc, MARLA
Managing Director

Hot off the press is the Q1 report into the Scottish Rental Market from Citylets:-

The first quarter of 2025 recorded significant rises in stock volumes and Time To Lets (TTLs). Rents, however, remained broadly flat in the major cities and the annual growth rate for the country as a whole continued its decline reducing further to 4.4%

Landlords reluctant to reduce rent in a slowing market may find confidence now to proceed with an end to intra-tenancy caps announced providing scope to raise back up to full market rates if values appreciate in the future.

Scotland’s PRS operates as a free market again for the first time in over two years and will almost certainly continue to do so for at least another two to three more.

Indeed, the Scottish Government also released a consultation in April on a number of aspects of the Housing Bill, including possible exemption for the Build to Rent community. Whilst this will raise eyebrows in other segments of the market, it could help alleviate concerns of structural undersupply in PRS hotspots that could otherwise trigger applications by Local Authorities for a Rent Controlled Area.

The best case scenario would be that it renders concerns of a two tier system obsolete in practice.

For a full view of the quarter’s trends with market overview please click here.