Following on from the last report on National Landlord Day organised by SAL or the Scottish Association of Landlords I thought I would summarise the market outlook report.
The presentation made on the day by Dan Cookson. The presentation he made was enlightening as reports by Citylets always are. Personally I am not sure if his style of presentation slides were a little futuristic?? You can have a look at the actual presentation here. The new specific area research is fantastic though and a great improvement to their market reports.
As you can see everything Dan had to say I will make this blog a little shorter than the last one...
Clan Gordon’s take on the market outlook matches up in some ways with Citylets but we see it as perhaps even stronger. We have seen properties being rented out extremely quickly. It remains the case that if a landlord is prepared to keep their flat in good condition and market at the right rental there should be no need at all to have any voids. The Edinburgh rental market continues to be strong and there remains a dire need fro quality flats anywhere within about 15 minutes of the City Centre. There are other strong rental areas such as Crammond and Corstorphine where historically there is a big lack of supply alongside good demand from all the people working in the Gyle area. In contract to this we are finding rents falling off a bit in some areas of Granton. This appears to be down to over supply of new build flats rather than lack of demand.
Jonathan Gordon MRICS
Director
The Edinburgh Letting Agent
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