A recent study has shown that the Scottish housing market is showing little sign of recovery, giving little hope to the government or economists. In the three months ending in October 2012, the average residential property price in Scotland fell 5.8% according to the latest index from Lloyds TSB. This means they are 90% of the peak of 2008, with no signs of prices or transactions increasing.

Coupled with this, the Scottish House Price Monitor has shown that Scottish house prices have fallen 0.3% on an annual basis. This leaves the average house price in Scotland at £155,188 - a figure that has shrunk but that still leaves buying a house out of many people's reach. This is shown by the house purchasing figures for the third quarter of 2012, with a fall on transactions of 2.1% on the same quarter last year.

All of these figures indicate that the rental market is now a popular, and essential, choice for people in Scotland, offering a cheaper and more secure way to live. With a rise in the number of people renting, it's important to highlight the regulations and laws that are related to the rental market. The recent introduction of the Tenancy Deposit Scheme (Scotland) Regulations was important for landlords and tenants, providing protection for deposits given over as part of a tenancy.

Under the Regulations, landlords must register their deposit with a tenancy deposit scheme in Scotland for the duration of the tenancy. This ensures that the deposit is protected, in the interests of both parties, and that any disputes that should arise at the end of the tenancy are resolved fairly. SafeDeposits Scotland runs such a scheme, independent of but approved by the Scottish government. With fewer people buying residential properties and more people choosing to rent, it's important that deposit schemes such as ours are utilised in order to comply with the Regulations.