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Scotland rent rises lag behind the rest of UK

Rents are rising slower in Scotland than the rest of the UK, according to the latest official data.

Rent increases have hovered around the 0.7 per cent mark since March 2018, says the Office for National Statistics.

Landlords have seen rent rises stuck at that rate for the past two months.

Meanwhile, buy to let investors in England have seen rents rise 1.2 per cent in the past year, those in Wales have enjoyed a 1.1 per cent rise and tenants in Northern Ireland are paying 2 per cent extra.

Rents rises in Scotland dropped from 2.1 per cent a year to a UK low of -0.2 per cent in October 2016, and although they have risen since, tenants in Scotland have seen their rents rise at the slowest rate in the UK.

“Rental growth in Scotland increased by 0.7 per cent in the 12 months to March 2019, unchanged from February 2019. The weaker growth since 2016 may be due to stronger supply and weaker demand in Scotland,” says the ONS report Private Housing Rental Prices Index (March 2019).

The data shows that although UK rents have climbed by 7 per cent  since records started in March 2015, rents in Scotland are up just 1.5 per cent over the same period.