Sunday, 23 February 2014
CKD Galbraith research shows rural renting available at a realistic price in Ayr
The affordability of renting a home in rural Ayrshire has been highlighted by new statistics from Scotland’s leading independent property consultancy CKD Galbraith.
The firm, which has a dedicated lettings division within its 14 offices across the country, compared rural and urban rents across six locations – Ayr, Cupar, Galashiels, Inverness, Perth and Stirling.
Despite a widely held perception that rural rents tend to be more expensive, CKD Galbraith found that the difference in cost between rural rents and their urban equivalent was quite narrow and in some cases, rural renting was cheaper.
Last year, the firm as a whole let almost 1000 properties and found that the average rent of a three bedroom family home in rural areas was £618 per calendar month – a fraction cheaper than the urban average of £621pcm.
In Ayr, 55 per cent of the properties on CKD Galraith’s portfolio are rural lets, with a three bedroom home costing on average £571pcm, £63 less than its urban equivalent, a saving of £700 a year.
Joyce Smart (pictured above), of CKD Galbraith’s lettings department in Ayr, said: “A common perception amongst the tenants we meet is that a rural home in Ayr will cost more to rent than urban properties but our research highlights that this isn’t always the case and that there is often a good, affordable option for those who would consider rural living.
“The quality of life in rural Ayrshire, especially for those who enjoy outdoor pursuits, has always attracted prospective tenants and we think these statistics will encourage more to consider moving away from an urban setting.
“There are factors to take into account, such as the cost of transport when living in a rural location, but this can often be balanced against other expenditure. Many of our rural properties are becoming increasingly energy efficient and we see huge interest in properties with features such as wood burning stoves that can save tenants a huge amount of money on their energy bills – money which can be used to offset other costs.
“However, the main thought that the relative scarcity of rural properties in comparison to urban homes will drive up rental prices is not borne out by our statistics and suggests that tenants who would like to enjoy a rural idyll could achieve it within their budget.”
About CKD Galbraith
CKD Galbraith is an independent property consultancy employing 250 staff in 14 offices across Scotland including Edinburgh, Stirling, Perth, Cupar, Inverness, Aberfeldy, Castle Douglas, Ayr, Elgin, Galashiels, Kelso, Peebles, Alyth and Aberdeen, offering local knowledge, national expertise and enjoying an international presence.
The firm is Scotland’s largest and leading rural consultancy managing in excess of 1 million acres of land across the country.
CKD Galbraith provides the full range of property consulting services across the residential, commercial, rural and renewable energy sectors throughout Scotland. The partnership also enjoys a successful relationship with its associate firm in London, CKD Kennedy Macpherson.
To find out more about CKD Galbraith visit www.ckdgalbraith.co.uk
CKD Galbraith’s Ayr Office is a Founder Member of the Elite Ayrshire Business Circle.