Private sector rent statistics: 2010 - 2018
This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2018.
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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|
|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%|
|Perth and Kinross||647||754||723||11.7%||-4.1%|
|Argyll and Bute||638||652||706||10.8%||8.4%|
|Dumfries and Galloway||500||526||546||9.3%||3.8%|
|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
Email: Felix Palin
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