Scotland has seen a dramatic increase in rental prices in recent years, as the shortage of homes has led to tenant bidding wars and price surges. The situation is most extreme in Scotland, but it is starting to become a problem in other parts of the UK as well.
The recent legislation changes in Scotland have pushed many landlords to sell their homes. In June, similar legislative changes were announced for England in the private rental sector reform white paper. This includes abolishing no-fault evictions and scrapping assured shorthold tenancies, which was already in place in Scotland since 2017.
The graph below, posted in The Telegraph, shows that the rental demand in Scotland has surged at twice the pace of the UK.
Other data suggests that the supply of rental homes on the market in Scotland is at half the level of the five-year average, according to Zoopla.
These figures are certainly concerning, and they could indicate what will happen in England in the coming years.
Jim Botton – Pleasure Beach (Skegness)
