Cost of rent­ing home in north-east falls again

The Press and Journal (Aberdeen and Aberdeenshire) - - LOCAL NEWS -

The av­er­age cost of rent­ing a home in the north-east has fallen for the third year in a row, ac­cord­ing to new fig­ures.

Aberdeen and Aberdeen­shire wit­nessed a de­crease in costs of 9.6%, with the fall hav­ing been linked to a down­turn in de­mand fol­low­ing the slump in the North Sea oil and gas sec­tor. How­ever, across Scot­land, av­er­age rents for the most com­mon size of prop­erty have gone up by more than 4% in a year – the high­est an­nual in­crease since 2010.

The fig­ures show the av­er­age monthly cost of pri­vately rent­ing a twobed­room home in Scot­land now stands at £643, up from £616 in 2016. That amounts to an in­crease of 4.4%, higher than the 3% rise in the UK Con­sumer Price In­dex in the year to Septem­ber.

The data, pub­lished by the Scot­tish Gov­ern­ment, highlights that, be­tween 2016 and 2017, 15 out of 18 ar­eas of Scot­land saw in­creases in av­er­age rent lev­els for two-bed­room pri­vate rental prop­er­ties.

By Septem­ber this year, Loth­ian had the high­est av­er­age monthly rents at £888. Other ar­eas with high rents in­cluded Greater Glas­gow at £745 and Aberdeen and Shire at £682.

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