Private sector rent statistics: 2010 - 2018
This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2018.
Main Findings for 4 Bedroom Properties
From 2017 to 2018, 12 out of 18 areas have seen increases in average rents for 4 bedroom properties. The increases ranged from 0.2% in Greater Glasgow to 25.6% in the Scottish Borders. Six areas saw decreases, ranging from a drop of 0.4% in the Ayrshires to a drop of 13.4% in East Dunbartonshire. See Chart 8 and Table 4 below.
The regional trends combine to show a 11.8% increase for 4 bedroom properties from £1,143 in 2017 to £1,278 in 2018 at the Scotland level. This compares to an increase in the UK Consumer Price Index of 2.4% in the year to Sept-18.
Over the 2010 to 2018 period, Lothian has seen the highest increase in private rents for 4 bedroom properties, with average monthly rents rising by 46.7% (cumulative increase over 8 years). Average rents in Greater Glasgow have risen by 43.1% over the same time period.
For the other areas of Scotland, cumulative increases have ranged from 2.3% in Argyll and Bute to 36.6% in Scottish Borders. No areas of Scotland have seen decreases in average rent for 4 bedroom properties between 2010 and 2018.
These regional trends combine to show a 33.3% cumulative increase from £959 in 2010 to £1,1278 in 2018 for 4 bedroom properties at the Scotland level.
Figures on changes to rents for 4 bedroom properties over the period from 2010 to 2018 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 18.7% from Sept-10 to Sept-18. For example over the 8 year period, average rents for 4 bedroom properties in 13 out of the 18 areas have risen faster than the consumer price index, whilst changes in average rents for 4 bedroom properties in the other 5 areas of the country have been below the rise in the consumer price index. These can be seen in Chart 8.
Chart 8: Cumulative % Change in Average (mean) Rents from 2010 to 2018 (years to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties
Table 4: 4 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative Changes 2010 to 2018, by Broad Rental Market Area
| 2010 | 2017 | 2018 | 2010 to 2018 change | 2017 to 2018 change | |
|---|---|---|---|---|---|
| Lothian | 1,291 | 1,592 | 1,894 | 46.7% | 18.9% |
| Greater Glasgow | 1,067 | 1,524 | 1,527 | 43.1% | 0.2% |
| Scottish Borders | 690 | 750 | 942 | 36.6% | 25.6% |
| Forth Valley | 857 | 1,095 | 1,148 | 33.9% | 4.8% |
| Dundee and Angus | 811 | 1,047 | 1,085 | 33.7% | 3.6% |
| Scotland | 959 | 1,143 | 1,278 | 33.3% | 11.8% |
| West Dunbartonshire | 821 | 886 | 1,089 | 32.7% | 22.9% |
| Aberdeen and Shire | 944 | 1,169 | 1,249 | 32.4% | 6.9% |
| Renfrewshire / Inverclyde | 834 | 1,095 | 1,061 | 27.2% | -3.2% |
| Fife | 773 | 917 | 979 | 26.6% | 6.7% |
| South Lanarkshire | 924 | 1,097 | 1,138 | 23.1% | 3.7% |
| West Lothian | 834 | 975 | 1,007 | 20.8% | 3.3% |
| North Lanarkshire | 776 | 889 | 926 | 19.3% | 4.1% |
| Ayrshires | 758 | 907 | 903 | 19.2% | -0.4% |
| East Dunbartonshire | 1,135 | 1,552 | 1,344 | 18.4% | -13.4% |
| Highland and Islands | 751 | 828 | 882 | 17.5% | 6.5% |
| Perth and Kinross | 858 | 1,018 | 993 | 15.8% | -2.5% |
| Dumfries and Galloway | 620 | 702 | 688 | 11.0% | -2.0% |
| Argyll and Bute | 924 | 980 | 945 | 2.3% | -3.6% |
See Reference Tables (Tables 7 to 14) for a more detailed breakdown of quartile and average rents for each year.
For the year to end-September 2018, Lothian had the highest average monthly rents for 4 bedroom properties across Scotland (£1,894). Other areas with higher rents included Greater Glasgow (£1,527) and East Dunbartonshire (£1,344). Areas with the lowest average rents included Dumfries and Galloway (£688), Highland and Islands (£882), and Ayrshires (£903). See Chart 9 below.
Chart 9: Average (mean) Monthly Rents 2018 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties
Contact
Email: Felix Palin
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