Private Sector Rent Statistics, Scotland, 2010 to 2024
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 2024.
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 2024, average 4 bedroom rents increased above the average 12 month UK CPI inflation rate of 3.0% in 16 out of 18 areas of Scotland. Changes in rents ranged from -4.5% (or -£64 per month) in Renfrewshire / Inverclyde up to +25% (or £327 per month) in Argyll and Bute.
Average rents for 4 bedroom properties at the Scotland level increased by an estimated 8.3% (or £137 per month) between 2023 and 2024, to reach £1,793 in 2024.
Lothian had the highest average monthly 4 bedroom rent (£2,641) in the latest year to end September 2024. Dumfries and Galloway had the lowest (£964).
It should be noted that the small increase in average 4 bedroom rents in Greater Glasgow of 1.2% in year to end September 2024 followed a large increase of 23.6% in year to end September 2023.
Figures on longer term changes to rents for 4 bedroom properties over the period from 2010 to 2024 should be considered in the context of the cumulative increase in UK CPI of 50.0% from the year to end September 2010 to the year to end September 2024.
Over the 2010 to 2024 period most areas of Scotland had large increases in average 4 bedroom rents above the level of CPI inflation. These increases ranged from 56% in Dumfries and Galloway to 112% in Fife. Only West Dunbartonshire saw rents increase close to the rate of CPI inflation at 49% . Chart 10 illustrates these changes.
Overall Scottish 4 bedroom rent increased by 91% between 2010 and 2024 to reach £1,793 in 2024.
For more details on 4 bedroom rents for individual BRMAs see Table 4 and Chart 10, 11 and 12 below. For a detailed breakdown of quartile and average rents for each year see the supporting document excel workbook “BRMA Detailed Profiles” or “Private Rents Open Data”. Also note that the Scotland average figures have been calculated using a weighted stock approach, with further information on this available in the Data and Methodology Section.
Table 4: 4 Bedroom Properties - Average (mean) monthly rents (£): 2010 to 2024, by Broad Rental Market Area
|
Broad Rental Market Area |
2010 |
2023 |
2024 |
2010 to 2024 change |
2023 to 2024 change |
|
Aberdeen and Shire |
£944 |
£1,493 |
£1,619 |
71.5% |
8.4% |
|
Argyll and Bute* |
£924 |
£1,305 |
£1,632 |
76.6% |
25.0% |
|
Ayrshires |
£758 |
£1,094 |
£1,247 |
64.5% |
14.0% |
|
Dumfries and Galloway |
£620 |
£844 |
£964 |
55.5% |
14.2% |
|
Dundee and Angus |
£811 |
£1,346 |
£1,495 |
84.2% |
11.0% |
|
East Dunbartonshire |
£1,135 |
£1,885 |
£1,972 |
73.7% |
4.6% |
|
Fife |
£773 |
£1,476 |
£1,638 |
111.9% |
11.0% |
|
Forth Valley |
£857 |
£1,564 |
£1,620 |
89.0% |
3.6% |
|
Greater Glasgow |
£1,067 |
£2,192 |
£2,217 |
107.7% |
1.2% |
|
Highland and Islands |
£751 |
£1,055 |
£1,175 |
56.5% |
11.3% |
|
Lothian |
£1,291 |
£2,447 |
£2,641 |
104.6% |
7.9% |
|
North Lanarkshire |
£776 |
£1,167 |
£1,238 |
59.4% |
6.1% |
|
Perth and Kinross |
£858 |
£1,438 |
£1,495 |
74.3% |
4.0% |
|
Renfrewshire / Inverclyde |
£834 |
£1,424 |
£1,360 |
63.1% |
-4.5% |
|
Scottish Borders* |
£690 |
£1,343 |
£1,394 |
102.1% |
3.8% |
|
South Lanarkshire |
£924 |
£1,419 |
£1,467 |
58.7% |
3.4% |
|
West Dunbartonshire* |
£821 |
£1,088 |
£1,220 |
48.6% |
12.1% |
|
West Lothian |
£834 |
£1,294 |
£1,454 |
74.3% |
12.4% |
|
Scotland |
£939 |
£1,656 |
£1,793 |
91.0% |
8.3% |
Note: Some percentage change figures may not sum due to rounding’s
*Small sample size - 40 or below records collected.
Chart 10: 4 bedroom properties: 2010 to 2024 % change in average (mean) rents for years to end-Sept, by Broad Rental Market Area
Chart 11: 4 bedroom properties: 2023 to 2024 % change in average (mean) rents for years to end-Sept, by Broad Rental Market Area
Chart 12: 4 bedroom properties: average (mean) monthly rents in 2024 (year to end-Sept), by Broad Rental Market Area
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