Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – Fife

Note in the following text and charts that average rents that have changed within +/- 0.5% could be considered as being fairly similar to previous periods.

Average (mean) rents in Fife have increased between 2019 and 2020 across all property sizes, with increases seen for 1 bedroom (4.5%), 2 bedroom (3.4%), 3 bedroom (0.6%), 4 bedroom (4.5%), and 1 bedroom shared properties (10.7%), which compares to CPI inflation of 0.5% across this time period. Between 2010 and 2020 average rents have increased across all property sizes, ranging from an increase of 16.5% for 1 bedroom properties to an increase of 47.6% for 4 bedroom properties. This compares to CPI inflation of 21.5% across this time period.

For 4 bedroom properties, over the last three years increases in the top end (upper quartile) of rents and decreases in the bottom end (lower quartile) have widened the gap in rents between the top and bottom ends of the market.

Average 2 bedroom rents have been lower than the Scotland average in each year since 2010, with the average rent in 2020 being £586 per month, compared to the Scotland average of £689.1