Private Sector Rent Statistics, Scotland, 2010 to 2022

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 2022.


6. Main Findings for 4 Bedroom Properties

Note that some areas have a relatively low number of 4 bedroom property records recorded, and therefore some caution is needed when interpreting the findings given that the averages presented can be based on a small number of underlying records.

In the year to end September 2022, average 4 bedroom rents increased above the average 12 month UK CPI inflation rate of 7.6% in 8 out of 18 areas, ranging from an increaes of 7.9% in Highland and Islands up to 27.7% in Argyll and Bute.

A further seven areas saw increases in average rents but below CPI, and three areas saw decreases in average rents, including East Dunbartonshire, the Ayrshires and West Dunbartonshire.

Average rents for 4 bedroom properties at the Scotland level were estimated to increase by 7.5% between 2021 and 2022, to reach £1,460 in 2022, which compares to an average increase in UK CPI of 7.6% across the year to September 2022.

Figures on longer term changes to rents for 4 bedroom properties over the period from 2010 to 2022 should be considered in the context of the cumulative increase in UK CPI of 33.7% from the year to end September 2010 to the year to end September 2022.

Over the 12 year period from 2010 to 2022, 14 out of 18 areas have seen rent increases above the level of CPI inflation for 4 bedroom properties, ranging from an increase of 35.2% in Highland and Islands up to 73.9% in Fife.

These cumulative increases equate to a range of annualised growth rates between 2.5% in Highland and Islands to 4.7% in Fife, when calculated on a compound annual increase basis between 2010 and 2022.

For the remaining four areas of Scotland, cumulative increases have been below CPI inflation, ranging from a 19.2% increase in the Ayrshires up to a 33.1% increase in North Lanarkshire.

These regional trends combine to show an estimated 55.6% cumulative increase for 4 bedroom properties between 2010 and 2022 (equating to an annualised growth rate of 3.8%), to reach £1,460 in 2022. See Table 4 and Chart 8 below.

Table 4: 4 Bedroom Properties - Average (mean) monthly rents (£): Cumulative changes 2010 to 2022, by Broad Rental Market Area

Broad Rental Market Area

2010

2021

2022

2010 to 2022 change

2021 to 2022 change

Fife

773

1,330

1,345

73.9%

1.1%

Forth Valley

857

1,225

1,469

71.4%

19.9%

Greater Glasgow

1,067

1,677

1,773

66.2%

5.7%

Scottish Borders

690

1,057

1,132

64.1%

7.1%

Dundee and Angus

811

1,224

1,317

62.4%

7.6%

Lothian

1,291

1,879

2,044

58.3%

8.8%

Renfrewshire / Inverclyde

834

1,238

1,306

56.7%

5.5%

Scotland

939

1,358

1,460

55.6%

7.5%

West Lothian

834

1,162

1,258

50.8%

8.3%

South Lanarkshire

924

1,181

1,390

50.4%

17.7%

Argyll and Bute

924

1,063

1,357

46.9%

27.7%

Aberdeen and Shire

944

1,319

1,371

45.3%

3.9%

East Dunbartonshire

1,135

1,651

1,638

44.2%

-0.8%

Perth and Kinross

858

1,080

1,210

41.2%

12.1%

Highland and Islands

751

940

1,015

35.2%

7.9%

North Lanarkshire

776

952

1,033

33.1%

8.5%

Dumfries and Galloway

620

790

824

33.0%

4.4%

West Dunbartonshire

821

1,092

1,024

24.7%

-6.2%

Ayrshires

758

994

903

19.2%

-9.1%

Note: See the Supporting Documents Excel Workbook Table 7 for a more detailed breakdown of quartile and average rents for each year. Also note that the Scotland figures have been calculated using a weighted stock approach, with further information on this available in Section 8 and Annex C.

Chart 8: Fife, Forth Valley, Greater Glasgow, Scottish Borders, and Dundee and Angus have seen the largest cumulative percentage rises in average 4 bedroom rents between 2010 and 2022

A bar chart showing the percentage changes for four bedroom properties for each BRMA between 2010 to 2022 and 2021 to 2022, with a cumulative CPI rate of 33.7% as comparison.  Fife and Forth Valley  have the highest percentage changes between 2010 and 2022, with Ayrshires and West Dunbartonshire having the lowest.

Chart 9: In 2022, Lothian had the highest average monthly 4 bedroom rent (£2,044), with Dumfries and Galloway having the lowest (£824)

A bar chart showing the mean monthly rents of four bedroom properties, for all BRMA's including Scotland. Lothian has the highest rent at £2,044 and Dumfries and Galloway has the lowest with £824

Contact

Email: housingstatistics@gov.scot

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