Publication - Statistics

Private sector rent statistics: 2010 - 2018

Published: 27 Nov 2018
Directorate:
Housing and Social Justice Directorate
Part of:
Housing, Statistics
ISBN:
9781787813991

This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2018.

60 page PDF

3.8 MB

60 page PDF

3.8 MB

Contents
Private sector rent statistics: 2010 - 2018
Main Findings for 2 Bedroom Properties

60 page PDF

3.8 MB

Main Findings for 2 Bedroom Properties

From 2017 to 2018, 15 out of 18 areas have seen increases in average rents for 2 bedroom properties. These ranged from 0.3% in Perth and Kinross to 6.5% in Lothian. Renfrewshire/Inverclyde saw no change in average rent between 2017 and 2018. The areas which showed decreases in average rents for 2 bedroom properties between 2017 and 2018 were Aberdeen and Shire (-4.1%) and Greater Glasgow (-0.6%).This is the fourth consecutive annual decrease for Aberdeen and Shire, which is likely to reflect decreased demand for rental properties following the downturn in the oil industry. See Chart 4 and Table 2 below.

These regional trends combine to show an increase of 1.5% in average rents between 2017 and 2018 for 2 bedroom properties, at the Scotland level, from £643 to £652. This compares to an increase in the UK Consumer Price Index of 2.4% in the year to Sept-18.

Over the 8 year period from 2010 to 2018, the Lothian area of the country has seen the highest increase in private rents for 2 bedroom properties, with average monthly rents rising from £665 per month to £946, or 42.3% (cumulative increase over 8 years). Average rents in the Greater Glasgow area have risen by a cumulative 31.3% over the last 8 years (from £564 to £740).

For the remaining areas of Scotland, cumulative increases over the last 8 years have ranged from 1.7% in Aberdeen and Shire to 19.5% in Forth Valley.

These regional trends combine to show a 21.6% cumulative increase in average rents from 2010 to 2018 for 2 bedroom properties at the Scotland level, from £536 to £652.

Figures on changes to rents over the period from 2010 to 2018 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 18.7% from Sept-10 to Sept-18. Over the 8 year period, average rents for 2 bedroom properties in the Forth Valley, Lothian and Greater Glasgow areas have risen faster than the consumer price index, whilst changes in average rents for 2 bedroom properties in other areas of the country have been below the rise in the consumer price index.

Chart 4: Cumulative % Change in Average (mean) Rents from 2010 to 2018 (years to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 4: Cumulative % Change in Average (mean) Rents from 2010 to 2018 (years to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Table 2: 2 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative Changes 2010 to 2018, by Broad Rental Market Area

2010 2017 2018 2010 to 2018 change 2017 to 2018 change
Lothian 665 888 946 42.3% 6.5%
Greater Glasgow 564 745 740 31.3% -0.6%
Scotland 536 643 652 21.6% 1.5%
Forth Valley 492 563 589 19.5% 4.6%
Fife 464 533 548 18.1% 2.7%
East Dunbartonshire 581 653 684 17.7% 4.6%
Highland and Islands 503 575 583 15.8% 1.3%
West Lothian 527 599 609 15.4% 1.7%
Dundee and Angus 497 555 562 12.9% 1.2%
South Lanarkshire 481 520 526 9.5% 1.2%
Perth and Kinross 506 549 551 8.7% 0.3%
Scottish Borders 442 459 478 8.2% 4.2%
Renfrewshire / Inverclyde 473 508 508 7.3% 0.0%
North Lanarkshire 455 480 487 7.0% 1.3%
Argyll and Bute 503 516 536 6.6% 3.9%
Dumfries and Galloway 435 453 461 6.1% 1.8%
Ayrshires 464 467 475 2.3% 1.8%
West Dunbartonshire 492 496 503 2.3% 1.5%
Aberdeen and Shire 643 682 654 1.7% -4.1%

See Reference Tables (Tables 7 to 15) for a more detailed breakdown of quartile and average rents for each year.

For the year to end-September 2018, Lothian had the highest average monthly rents for 2 bedroom properties across Scotland (£946). Other areas with higher than average (£652) rents included Greater Glasgow (£740), East Dunbartonshire (£684) and Aberdeen and Shire (£654). Areas with the lowest average rents for 2 bedroom properties were Dumfries and Galloway (£461) and The Ayrshires (£475). See Chart 5 below.

Chart 5: Average (mean) Monthly Rents 2018 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 5: Average (mean) Monthly Rents 2018 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties


Contact

Email: Felix Palin