The latest Citylets report, an analysis of the Scottish Private Rental Sector’s performance in the first quarter of 2025, highlighted the ‘welcome surprise’ announcement of the end of rent caps within tenancies, starting on the 1 April. It is the first time in more than two years that the lettings industry was able to operate as a free market.
Growth for new lets in the Scottish PRS continued to ease in the first quarter of 2025, moving steadily back towards its pre-2022 long-term average, broadly tracking inflation, a slowdown that has been welcomed by the industry.
Northwood Branch Manager Scott Morrison outlined the situation in Aberdeen and surrounding areas: “During Q1, we saw a steady number of move-ins, but there have also been quite a number of landlords enquiring about selling.
“Some, not put off by low property sale prices, have committed allowing investors to grab decent deals. While this has created a further deficit in the level of stock, some of this will return as landlords refurb and re-let.
“I predict there will be another busy summer as demand continues to be high, and not enough stock is available. Levels of enquiries have been a little unpredictable with a busy January, quieter February, and March picking up again. However, we have already seen students looking for the summer months, keen to get ahead of the rush.”
For more information, visit: https://www.citylets.co.uk/research/reports/
