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 in a Shared Property
From 2014 to 2015, 15 out of 18 areas have seen increases in rent for 1 bedroom shared properties. The increases ranged from 11.3% in West Dunbartonshire, 8.4% in Highlands and Islands, 7.9% in Aberdeen and Shire, and 7.5% in South Lanarkshire to 1.6% in West Lothian. The 3 areas that saw decreases were Forth Valley (-0.3%), Renfrewshire/Inverclyde (-1.5%) and East Dunbartonshire (-3.1%).
These regional trends combine to show an increase of 3.0% in average rents between 2014 and 2015 for 1 bedroom in a shared property, 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 shared properties, with average rents rising by 32.0% (cumulative increase over 4 years).
A further 8 areas have seen increases that were higher than the Scotland average. These were Fife (18.5%), Greater Glasgow (12.7%), Perth and Kinross (12.5%), Forth Valley (11.6%), Dundee and Angus (10.1%), Lothian (9.8%), Highlands and Islands (9.7%), and West Dunbartonshire (9.2%).
Others areas that saw increases to a lesser extent ranged from 7.1% in West Lothian to 0.9% in Ayrshires.
Dumfries and Galloway and Renfrewshire/Inverclyde both saw decreases in their average rent between 2010 and 2015, by 0.1% and 3.2% respectively.
These regional trends combine to show an 8.9% cumulative increase from 2010 to 2015 for 1 bedroom shared properties at the Scotland level.
Figures on changes to rents for 1 bedroom shared 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 shared properties in 4 areas of Scotland have risen faster than the consumer price index, whilst changes in average rents for 1 bedroom shared properties in other areas of the country have been below the rise in the consumer price index.
TABLE 9: 1 Bedroom Shared 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 | 328 | 402 | 433 | 32.0% | 7.9% |
Fife | 271 | 312 | 321 | 18.5% | 2.7% |
Greater Glasgow | 313 | 346 | 353 | 12.7% | 1.9% |
Perth and Kinross | 262 | 281 | 295 | 12.5% | 4.9% |
Forth Valley | 276 | 308 | 308 | 11.6% | -0.3% |
Dundee and Angus | 263 | 274 | 289 | 10.1% | 5.4% |
Lothian | 320 | 338 | 351 | 9.8% | 3.7% |
Highland and Islands | 287 | 291 | 315 | 9.7% | 8.4% |
West Dunbartonshire | 289 | 283 | 316 | 9.2% | 11.3% |
Scotland | 300 | 317 | 327 | 8.9% | 3.0% |
West Lothian | 279 | 294 | 299 | 7.1% | 1.6% |
Scottish Borders | 256 | 263 | 271 | 6.2% | 3.3% |
South Lanarkshire | 309 | 303 | 325 | 5.3% | 7.5% |
North Lanarkshire | 297 | 296 | 310 | 4.5% | 4.8% |
East Dunbartonshire | 300 | 322 | 312 | 3.9% | -3.1% |
Argyll and Bute | 316 | 306 | 319 | 1.2% | 4.4% |
Ayrshires | 302 | 290 | 304 | 0.9% | 5.1% |
Dumfries and Galloway | 278 | 269 | 278 | -0.1% | 3.3% |
Renfrewshire / Inverclyde | 296 | 291 | 287 | -3.2% | -1.5% |
CHART 10: Cumulative % Change in Average (mean) Rents from 2010 to 2015 (years to end-Sept), by Broad Rental Market Area - 1 bedroom shared properties
For the year to end-September 2015, Aberdeen and Shire had the highest average monthly rents for 1 bedroom shared properties across Scotland (£433). Other areas with higher rents included Greater Glasgow (£353), and Lothian (£351). Areas with the lowest average rents included Dundee and Angus (£289), Renfrewshire/Inverclyde (£287), Dumfries and Galloway (£278), and Scottish Borders (£271).
Contact
Email: Esther Laird
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