Rents Have Risen Sharply After Ban On Tenant Fees In Scotland

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Scotland has always bucked the trend when it comes to changes in the rental sector. The latest changes look certain to follow that trend.

Rents have risen quite sharply in Scotland after announcements and the implementation of a ban on fees charged to tenants.

This follows Shelter’s campaign a few months ago which encouraged tenants to reclaim their fees from letting agents and required agents to participate in the popular tenancy deposit scheme.

Rises have been more prominent in cities such as Edinburgh and Aberdeen where they have absolutely skyrocketed.rental price increase in scotland

Dan Cookson, senior analyst at Citylets, said the rise could be partly as a result of the abolition of tenant fees and other important changes made during 2012.

While many property commentators have predicted the changes would have an inflationary impact, the Citylets report is the first that seems to provide concrete evidence.

Cookson added: “Our report for the last quarter of 2012 is significant in that it is the first to cover a period after the changes in the sector in 2012 took hold.

“Two cities which have seen some of the biggest rises in rents – Edinburgh (up 5.1%) and Aberdeen (up 6.3%) – both experienced larger than inflation rises in average rents across all types of properties.

“There is certainly a suspicion that the recent banning of agent fees to tenants has had an upward impact on rents. Several agent clients have suggested this to be the case and our data seems to support this view.”

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