Average rental prices in Scotland are rising at their fastest rate on record.
Private renting in the country were 3.7 per cent higher in July 2022, than they were just 12 months earlier. These figures were published by the Office of National Statistics (ONS).
That’s the highest year-on-year increase of any month since comparable records began in 2012. In the two years leading up to the pandemic, year-on-year increases were rising by an average of 0.7 per cent.