Auld Reekie retains its title as the most expensive property market in Scotland as house prices rise nationwide.

A new survey of the residential property market has revealed that the number of rental properties in Scotland has fallen even further over the last three months. However, this decrease in supply has been coupled with an increase in demand, which is expected to lead to a sharp rise in costs for tenants.

In the last three months, sales of rental property have been five times that of purchases of property by landlords. Recent findings from the National Landlords Association (NLA) have shown that almost a quarter (24%) of landlords with properties in Scotland have sold between April and June 2018, but only 5% have purchased new properties.

Almost half (48%) of people aged between 25 and 34 who aren’t on the property ladder say they want to own their own home within the next ten years. 

Registers of Scotland (RoS) has launched a new register that will record all applications of community bodies to buy land or property that is abandoned, neglected or causing harm to the environmental wellbeing of the community, where the owner is not willing to sell that land.