Data from lettings portal Citylets have revealed a 10% rental increase for Scottish rents for the third successive quarter despite Government attempts to keep it down.

Rents have actually surged since the rent cap in Scotland was introduced, the new figures from Citylets reveal, showing that average rents for new tenancies in the PRS have risen by more than 10% for the third quarter in a row. 

The rent gap between those already in rented accommodation when the Cost of Living (Tenant Protection) (Scotland) Act 2022 was passed, and those seeking new properties to rent looks set to continue to grow. And the 3% cap for rent rises for existing tenancies, introduced in April this year, is set to be extended for at least another six months from September. 

Almost all major regions in the Citylets research saw double digit increases in rents in the second quarter. Thomas Ashdown, MD at Citylets, commented: “Never before have we recorded such steep and sustained annual price appreciation across a single region, never mind across the country as a whole.”