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 3 Bedroom Properties

TABLE 5: 3 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 744 1,089 1,072 44.2% -1.5%
Lothian 918 1,066 1,097 19.6% 2.9%
Greater Glasgow 728 796 834 14.5% 4.8%
Highland and Islands 595 625 652 9.7% 4.3%
Scotland 679 724 744 9.6% 2.8%
West Lothian 616 637 674 9.4% 5.8%
East Dunbartonshire 750 799 820 9.3% 2.6%
Dundee and Angus 633 668 684 8.2% 2.4%
Fife 563 609 602 7.0% -1.1%
Renfrewshire / Inverclyde 612 622 646 5.6% 3.9%
Perth and Kinross 647 639 680 5.0% 6.3%
Scottish Borders 515 528 535 4.0% 1.3%
North Lanarkshire 549 551 565 3.0% 2.6%
Ayrshires 556 569 568 2.2% -0.1%
Dumfries and Galloway 500 512 506 1.3% -1.2%
South Lanarkshire 627 617 634 1.1% 2.7%
Forth Valley 643 637 634 -1.4% -0.6%
West Dunbartonshire 591 591 571 -3.4% -3.3%
Argyll and Bute 638 640 612 -4.0% -4.3%

CHART 6: Cumulative % Change in Average (mean) Rents from 2010 to 2015 (years to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

CHART 6: Cumulative % Change in Average (mean) Rents from 2010 to 2015 (years to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

See Reference Tables (Tables 12 to 17) for a more detailed breakdown of quartile and average rents for each year.

Between 2014 and 2015, 11 areas saw increases in rents. These ranged from 6.3% in Perth and Kinross, 4.8% in Greater Glasgow and 4.3% in Highlands and Islands, to 2.9% in Lothian and 1.3% in Scottish Borders. The seven areas that saw decreases ranged from -0.1% in Ayrshires to -4.3% in Argyll and Bute.

These regional trends combine to show an increase of 2.8% in average rents between 2014 and 2015 for 3 bedroom properties, 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 3 bedroom properties, with average monthly rents rising from £744 to £1,072, a 44.2% increase (cumulative over 5 years). Average rents in the Lothian area have risen by 19.6%, whilst average rents in Greater Glasgow have increased by 14.5% and rents in Highlands and Islands have risen by 9.7%.

For the remaining areas of Scotland, cumulative increases have ranged from 9.4% (West Lothian) to 1.1% (South Lanarkshire). In addition, four areas of the country have seen cumulative decreases in average rents between 2010 and 2015 – Forth Valley (-1.4%), West Dunbartonshire (-3.4%), Argyll and Bute (-4.0%).

These regional trends combine to show a 9.6% cumulative increase from 2010 to 2015 for 3 bedroom properties at the Scotland level.

Figures on changes to rents for 3 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 3 bedroom properties in the Lothian, Aberdeen and Shire, and Greater Glasgow areas have risen faster than the consumer price index, whilst changes in average rents for 3 bedroom properties in other areas of the country have been below the rise in the consumer price index.

TABLE 6: Average (mean) monthly rents for 3 Bedroom Properties in 2015 (year to end-Sept)

3 Bedroom Properties £ monthly
Lothian 1,097
Aberdeen and Shire 1,072
Greater Glasgow 834
East Dunbartonshire 820
Scotland 744
Dundee and Angus 684
Perth and Kinross 680
West Lothian 674
Highland and Islands 652
Renfrewshire / Inverclyde 646
South Lanarkshire 634
Forth Valley 634
Argyll and Bute 612
Fife 602
West Dunbartonshire 571
Ayrshires 568
North Lanarkshire 565
Scottish Borders 535
Dumfries and Galloway 506

CHART 7: Average (mean) Monthly Rents 2015 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

CHART 7: Average (mean) Monthly Rents 2015 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

For the year to end-September 2015, Lothian had the highest average monthly rents for 3 bedroom properties across Scotland (£1,097). Other areas with higher rents included Aberdeen and Shire (£1,072), Greater Glasgow (£834), and East Dunbartonshire (£820). Areas with the lowest average rents included Ayrshires (£568), North Lanarkshire (£565), Scottish Borders (£535), and Dumfries and Galloway (£506).

Contact

Email: Esther Laird

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