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
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
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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