Private sector rent statistics: 2010 - 2020

This publication presents statistics on average private sector rent levels in Scotland by Broad Rental Market Area and size of property, for the years 2010 to 2020.


4. Main Findings for 2 Bedroom Properties

In the year to end September 2020, average 2 bedroom rents increased above CPI inflation of 0.5% in 11 out of 18 areas, with the largest increase being 4.0% in East Dunbartonshire.

Five areas showed little change (within +/-0.5%) on the previous year, including Aberdeen and Shire, Dumfries and Galloway, Dundee and Angus, Lothian, and Renfrewshire / Inverclyde.

Average rents decreased by more than 0.5% in the Ayrshires (-0.6%) and West Dunbartonshire (-1.3%).

Average rents for 2 bedroom properties have increased by an estimated 1.1% between 2019 and 2020, at the Scotland level, to reach £689 in 2020. This compares to an increase in the UK Consumer Price Index of 0.5% in the year to Sept-20.

Figures on longer term changes to rents for 2 bedroom properties over the period from 2010 to 2020 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 21.5% from Sept-10 to Sept-20.

Over the 10 year period from 2010 to 2020, four areas (Lothian, Greater Glasgow, Fife and Forth Valley) have seen rent increases above the level of CPI inflation.

Lothian has seen the highest increase in private rents for 2 bedroom properties, with average rents rising by 45.9% (cumulative increase over 10 years), although average rents have remained at similar levels in 2020 compared with 2019 (a slight drop of 0.3%).

For the remaining areas of Scotland, cumulative increases have been below CPI inflation and have ranged from 0.9% in Ayrshires to 21.2% in East Dunbartonshire.

These regional trends combine to show an estimated 24.4% cumulative increase for 2 bedroom properties between 2010 and 2020 to reach £689 in 2020. See Table 2 and Chart 4 below.

Table 2: 2 Bedroom Properties - Average (mean) monthly rents (£): Cumulative changes 2010 to 2020, by Broad Rental Market Area
2010 2019 2020 2010 to 2020 change 2019 to 2020 change
Lothian 665 972 969 45.9% -0.3%
Greater Glasgow 564 780 794 40.9% 1.9%
Fife 464 567 586 26.3% 3.4%
Forth Valley 492 596 614 24.6% 3.0%
Scotland* 554 681 689 24.4% 1.1%
East Dunbartonshire 581 677 704 21.2% 4.0%
West Lothian 527 630 636 20.7% 1.1%
Highland and Islands 503 601 607 20.7% 1.1%
Dundee and Angus 497 582 581 16.7% -0.2%
Argyll and Bute 503 557 577 14.7% 3.6%
Scottish Borders 442 490 502 13.6% 2.3%
Perth and Kinross 506 564 573 13.2% 1.7%
South Lanarkshire 481 533 540 12.3% 1.2%
North Lanarkshire 455 488 503 10.6% 3.1%
Dumfries and Galloway 435 476 476 9.4% 0.1%
Renfrewshire / Inverclyde 473 513 512 8.3% -0.03%
West Dunbartonshire 492 509 502 2.0% -1.3%
Aberdeen and Shire 643 652 649 1.0% -0.4%
Ayrshires 464 471 469 0.9% -0.6%

See Reference Tables (Tables 7 to 17) for a more detailed breakdown of quartile and average rents for each year.
* Note that the Scotland figures have been calculated using a weighted stock approach.
See Section 8 for further details.

Chart 4: Lothian and Greater Glasgow have seen the largest cumulative % rises in average 2 bedroom rents between 2010 and 2020, although Lothian has seen a drop in the latest year
Cumulative percentage Change in Average (mean) Rents from years to end of September from 2010 to 2020, by Broad Rental Market Area for 2-Bedroom Properties

For the year to end-September 2020, Lothian had the highest average monthly rents for 2 bedroom properties across Scotland (£969), with Greater Glasgow having rents of £794. Areas with the lowest average rents for 2 bedroom properties included Dumfries and Galloway (£476) and Ayrshires (£469). See Chart 5 below.

Chart 5: In 2020, Lothian had the highest average monthly 2 bedroom rent (£969), with Scottish Borders having the lowest (£469)
Average (mean) Monthly Rents 2020 for year to end-September, by Broad Rental Market Area for 2-Bedroom Properties

Contact

Email: housingstatistics@gov.scot

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