The debate over Scotland's private rented sector has become a case study in how political narrative can diverge sharply from market data. Since the emergency rent cap of 2022 lapsed in March 2024, and the Housing (Scotland) Bill's proposed rent control areas move through Holyrood, a persistent story has taken hold among landlords and investors: that Scotland is now uninvestable. The reality, drawn from the latest rental indices, tells a more nuanced story — one that professional investors would do well to examine before writing off an entire national market.