Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – Greater Glasgow

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 the Greater Glasgow area between 2019 and 2020 have increased for 1 bedroom (3.4%), 2 bedroom (1.9%), 4 bedroom (3.1%), and 1 bedroom shared properties (1.6%), with average rents for 3 bedroom properties remaining at similar levels (a drop of 0.1%), which compares to CPI inflation of 0.5% across this time period. Average rents have increased for all properties between 2010 and 2020, with increases ranging from 30.9% for 1 bedroom shared properties to 56.2% for 4 bedroom properties, which compares to CPI inflation of 21.5% across this time period.

For most property sizes there have generally been greater increases in the top end (upper quartile) of rents between 2010 and 2020, which has widened the gap in rents compared to the bottom end of the market (lower quartile).

Average 2 bedroom rents have been higher than the Scotland average since 2015, with the average rent in 2020 being £794 per month, compared to the Scotland average of £689.1