Private Sector Rent Statistics: 2010 - 2015
This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2015 (years to end-September) using data from the Rent Service Scotland market evidence database. It presents information on rent levels for different property sizes across each of the 18 broad rental market areas in Scotland. It contains information on average rents as well as rents at the higher and lower end of the market.
Main Findings for 1 Bedroom Properties
TABLE 1: 1 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative Changes 2010 to 2015, by Broad Rental Market Area
| 2010 | 2014 | 2015 | 2010 to 2015 change | 2014 to 2015 change | |
|---|---|---|---|---|---|
| Aberdeen and Shire | 529 | 664 | 667 | 26.2% | 0.5% |
| Lothian | 520 | 582 | 620 | 19.1% | 6.5% |
| Greater Glasgow | 437 | 476 | 501 | 14.7% | 5.2% |
| Scotland | 436 | 472 | 480 | 10.1% | 1.6% |
| Dundee and Angus | 351 | 369 | 381 | 8.7% | 3.3% |
| Highland and Islands | 415 | 440 | 450 | 8.4% | 2.3% |
| Perth and Kinross | 377 | 389 | 403 | 6.6% | 3.5% |
| Fife | 379 | 405 | 395 | 4.3% | -2.5% |
| Argyll and Bute | 382 | 395 | 398 | 4.2% | 0.7% |
| Dumfries and Galloway | 359 | 369 | 373 | 4.0% | 1.1% |
| West Lothian | 428 | 448 | 445 | 4.0% | -0.6% |
| North Lanarkshire | 373 | 375 | 384 | 2.8% | 2.3% |
| East Dunbartonshire | 450 | 472 | 461 | 2.6% | -2.2% |
| Forth Valley | 387 | 387 | 396 | 2.5% | 2.3% |
| Scottish Borders | 336 | 337 | 340 | 1.0% | 0.7% |
| South Lanarkshire | 382 | 380 | 384 | 0.5% | 1.3% |
| Renfrewshire / Inverclyde | 374 | 378 | 372 | -0.6% | -1.4% |
| West Dunbartonshire | 397 | 390 | 390 | -1.7% | 0.0% |
| Ayrshires | 375 | 365 | 363 | -3.3% | -0.5% |
CHART 2: Cumulative % Change in Average (mean) Rents from 2010 to 2015 (years to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties
See Reference Tables (Tables 12 to 17) for a more detailed breakdown of quartile and average rents for each year.
Over the past year, Lothian has seen the highest increase in rents for 1 bedroom properties (6.5%) while Greater Glasgow has seen an increase of 5.2% between 2014 and 2015. Other areas that have seen increases range from 3.5% in Perth & Kinross to 0.5% in Aberdeen and Shire. Five areas saw a decrease, ranging from -0.5% in Ayrshires to -2.5% in Fife.
Over the last year, average rents for 1 bedroom properties have increased by 1.6% between 2014 and 2015, at the Scotland level.
Over the 5 year period from 2010 to 2015, the Aberdeen and Shire area of the country has seen the highest increase in private rents for 1 bedroom properties, with average rents rising by 26.2% (cumulative increase over 5 years). Average rents in the Lothian area have risen by 19.1% between 2010 and 2015, whilst average rents in Greater Glasgow have increased by 14.7%.
For the remaining areas of Scotland, cumulative increases have ranged from 8.7% (Dundee and Angus) to 0.5% (South Lanarkshire). Areas where average rents fell between 2010 and 2015 were Renfrewshire/Inverclyde (-0.6%), West Dunbartonshire (-1.7%) and Ayrshires (-3.3%).
These regional trends combine to show a 10.1% cumulative increase for 1 bedroom properties from £436 in 2010 to £480 in 2015.
Figures on changes to rents for 1 bedroom properties over the period from 2010 to 2015 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 11.6% from Sept-10 to Sept-15. For example over the 5 year period, average rents for 1 bedroom properties in the Aberdeen and Shire, Lothian, and Greater Glasgow areas have risen faster than the consumer price index, whilst changes in average rents for 1 bedroom properties in other areas of the country have been below the rise in the consumer price index.
For the year to end-September 2015, Aberdeen and Shire had the highest average monthly rents for 1 bedroom properties across Scotland (£667). Other areas with higher rents included Lothian (£620) and Greater Glasgow (£501). Areas with the lowest average rents for 1 bedroom properties included Ayrshires (£363) and Scottish Borders (£340).
TABLE 2: Average (mean) monthly rents for 1 Bedroom Properties in 2015 (year to end-Sept)
| 1 Bedroom Properties | £ monthly |
|---|---|
| Aberdeen and Shire | 667 |
| Lothian | 620 |
| Greater Glasgow | 501 |
| Scotland | 480 |
| East Dunbartonshire | 461 |
| Highland and Islands | 450 |
| West Lothian | 445 |
| Perth and Kinross | 403 |
| Argyll and Bute | 398 |
| Forth Valley | 396 |
| Fife | 395 |
| West Dunbartonshire | 390 |
| South Lanarkshire | 384 |
| North Lanarkshire | 384 |
| Dundee and Angus | 381 |
| Dumfries and Galloway | 373 |
| Renfrewshire / Inverclyde | 372 |
| Ayrshires | 363 |
| Scottish Borders | 340 |
CHART 3: Average (mean) Monthly Rents 2015 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties
Contact
Email: Esther Laird
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