Those properties, often rented out to students, are proving to be in high demand with 36% rented within one week and 80% rented within one month of coming onto the market. Rents for those larger flats increased by 6.9%, well above the national average of 1.7% which is in line with inflation.
Are Edinburgh rents exploding, possibly as much as data we analysed yesterday is suggesting? Not necessarily. The developments are a reflection of Edinburgh's continued popularity with students (numbers have been growing for a few years) and their demands for high-quality flats.
At the same time, more and more landlords have realised that high-quality properties will attract more interest and will therefore be let more quickly. And whilst we have seen an increase in this report, the laws of supply and demand will help ensure that flats remain affordable.
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