Edinburgh is ‘new Aberdeen’ of private rental market



For as long as I can remember, oil capital Aberdeen has been the most expensive city in Scotland to rent a home, with rents for all types of property notoriously high.
However, this year the Granite City’s reign has come to an end. Due to the downturn in the oil and gas industry, rents in Aberdeen are falling dramatically.
As demand continues to exceed supply in Edinburgh, I expect rents to remain high Robert Nixon According to statistics gathered by LettingWeb, rents for a one-bedroom property in 2016 are down 14 per cent on the 2015 average, with two-bedroom properties down 16 per cent.... read more

 
4 October 2016 in Business, Views: 38
Source: Scotsman
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