Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – Perth and Kinross

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 Perth and Kinross increased for all property sizes, with increases seen for 1 bedroom (0.3%), 2 bedroom (1.7%), 3 bedroom (0.4%), 4 bedroom (5.9%) properties, and 1 bedroom shared properties (11.1%), which compares to CPI inflation of 0.5% across this time period.. Between 2010 and 2020 there have been increases in the average rent for all property sizes, ranging from 13.2% for 2 bedroom properties to 32.6% for 1 bedroom shared properties. This compares to CPI inflation of 21.5% across this time period.

For 2 bedroom, 4 bedroom and 1 bedroom shared properties, between 2019 and 2020 there has been a greater increase in the top end (upper quartile) rents compared to the bottom end (lower quartile), which has caused an increase in the gap between the top and the bottom of the market.

Average 2 bedroom rents have been lower than the Scotland average in each year since 2010, and the gap has widened over the years, with the average rent in 2020 being £573 per month, compared to the Scotland average of £689.1