Private sector rent statistics: 2010 - 2018
This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2018.
Main Findings for 3 Bedroom Properties
Between 2017 and 2018, 17 out of 18 areas saw increases in average rents. These ranged from 0.4% in Fife to 17.6% in Lothian. Perth and Kinross saw a decrease of 4.1%. See Chart 6 and Table 3 below.
These regional trends combine to show an increase of 8.7% in average rents from £787 in 2017 to £855 in 2018 for 3 bedroom properties, at the Scotland level. 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, Lothian has seen the greatest increase in private rents for 3 bedroom properties, with average monthly rents rising from £918 to £1345, a 46.6% increase (cumulative over 8 years). Average rents have increased in Greater Glasgow by 37.3% over the same time period.
For all other areas of Scotland, average rents for 3 bedroom properties have also increased. From 2010 to 2018, cumulative increases have ranged from 7.3% Renfrewshire/Inverclyde to 24.8% in East Dunbartonshire.
These regional trends combine to show a 26.0% cumulative increase from £679 in 2010 to £855 in 2018 for 3 bedroom properties at the Scotland level.
Figures on changes to rents for 3 bedroom properties 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 3 bedroom properties have risen faster than the consumer price index in 7 areas, shown in Chart 6 below.
Chart 6: Cumulative % Change in Average (mean) Rents from 2010 to 2018 (years to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties
Table 3: 3 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 | 918 | 1,144 | 1,345 | 46.6% | 17.6% |
| Greater Glasgow | 728 | 965 | 1,000 | 37.3% | 3.6% |
| Scotland | 679 | 787 | 855 | 26.0% | 8.7% |
| East Dunbartonshire | 750 | 924 | 936 | 24.8% | 1.4% |
| Forth Valley | 643 | 752 | 783 | 21.9% | 4.2% |
| West Lothian | 616 | 709 | 736 | 19.4% | 3.8% |
| Highland and Islands | 595 | 692 | 710 | 19.3% | 2.5% |
| Aberdeen and Shire | 744 | 866 | 885 | 19.0% | 2.2% |
| Dundee and Angus | 633 | 717 | 746 | 17.9% | 4.0% |
| Fife | 563 | 657 | 659 | 17.1% | 0.4% |
| Scottish Borders | 515 | 566 | 591 | 14.8% | 4.5% |
| Perth and Kinross | 647 | 754 | 723 | 11.7% | -4.1% |
| Argyll and Bute | 638 | 652 | 706 | 10.8% | 8.4% |
| South Lanarkshire | 627 | 662 | 691 | 10.2% | 4.4% |
| Dumfries and Galloway | 500 | 526 | 546 | 9.3% | 3.8% |
| Ayrshires | 556 | 590 | 608 | 9.3% | 3.1% |
| North Lanarkshire | 549 | 555 | 593 | 8.0% | 6.7% |
| West Dunbartonshire | 591 | 604 | 634 | 7.3% | 5.0% |
| Renfrewshire / Inverclyde | 612 | 652 | 656 | 7.3% | 0.8% |
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 3 bedroom properties across Scotland (£1,345). Other areas with higher rents than the Scottish average for 3 bedroom properties (£855) were Greater Glasgow (£1,000), East Dunbartonshire (£936) and Aberdeen and Shire (£885). Areas with the lowest average rents included Dumfries and Galloway (£546), Scottish Borders (£591) and North Lanarkshire (£593). See Chart 7 below.
Chart 7: Average (mean) Monthly Rents 2018 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties
Contact
Email: Felix Palin
There is a problem
Thanks for your feedback