EDINBURGH has re-entered the top 50 most expensive cities in Europe for renting a home.
Average rent for a three-bedroom flat has risen to £1529 per month, according to the latest housing report by global mobility experts ECA International, putting the capital at 45th on the list.
The firm says rent in Aberdeen has dropped by £190 per month due to low demand while rented accommodation in Glasgow remains the cheapest in the UK at £1050 per month.
The figures are based on the average cost for an unfurnished, mid-market, three-bedroom apartment.
ECA International accommodation services manager Alec Smith said: “Tax increases on buying second homes in Scotland have driven up landlords’ costs, while the phasing out of shorthold assured tenancies means many have increased rents to cover the perceived greater risks in renting out their properties.”
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here