Private sector rent statistics: 2010 - 2018
This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2018.
This document is part of a collection
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
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|
|Highland and Islands||503||575||583||15.8%||1.3%|
|Dundee and Angus||497||555||562||12.9%||1.2%|
|Perth and Kinross||506||549||551||8.7%||0.3%|
|Renfrewshire / Inverclyde||473||508||508||7.3%||0.0%|
|Argyll and Bute||503||516||536||6.6%||3.9%|
|Dumfries and Galloway||435||453||461||6.1%||1.8%|
|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
Email: Felix Palin
There is a problem
Thanks for your feedback