Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – Forth Valley

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.

Between 2019 and 2020, average (mean) rents in Forth Valley have increased across all property sizes, except for 1 bedroom properties which saw rents remain similar (0.1%). There were increases in 2 bedroom (3.0%), 3 bedroom (11.6%), 4 bedroom (11.3%) properties, and 1 bedroom shared properties (8.1%), which compares to CPI inflation of 0.5% across this time period. Average rents between 2010 and 2020 have increased for all property sizes. Increases range from 13.4% for 1 bedroom properties to 56.8% for 4 bedroom properties, which compares to CPI inflation of 21.5% across this time period.

Across 2, 3 and 4 bedroom properties, since 2010 there have generally been greater increases in the top end rents (upper quartile) than the bottom end (lower quartile), resulting in the gap between top and bottom ends of the market widening.

Average 2 bedroom rents have been lower than the Scotland average in each year since 2010, with the average rent in 2020 being £614 per month, compared to the Scotland average of £689. The gap grew between 2011 and 2015, but has since narrowed.