Main Findings for 1 Bedroom Properties
Over the past year, 13 out of 18 areas have seen increases in average rents for 1 bedroom properties. Perth and Kinross has seen the highest increase (4.1%) while Dumfries and Galloway has seen an increase of 4.0%. Both of these areas, as well as Lothian (3.4%), Dundee and Angus (2.9%), West Lothian (2.8%), Forth Valley (2.4%), South Lanarkshire (2.3%), Greater Glasgow (2.2%), Fife (2.2%), and Renfrewshire / Inverclyde (1.9%) are areas that have shown increases which are higher than the CPI inflation of 1.7% in 2018-2019. Other areas that have seen increases are 1.5% in the Highlands and Islands, 0.8% in East Dunbartonshire and 0.7% in the Scottish borders.
Five areas saw a decrease, ranging from a 0.1% drop in the Ayrshires to a 1.8% drop in Argyll and Bute. This is the fourth consecutive annual decrease (0.3%) for Aberdeen and Shire, which is likely to reflect decreased demand for rental properties in recent years following the downturn in the oil industry.
Average rents for 1 bedroom properties have increased by 1.9% between 2018 and 2019, at the Scotland level, from £510 in 2018 to £519 in 2019. This compares to an increase in the UK Consumer Price Index of 1.7% in the year to Sept-19.
Figures on changes to rents for 1 bedroom properties over the period from 2010 to 2019 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 20.8% from Sept-10 to Sept-19.
Over the 9 year period from 2010 to 2019, two areas have seen rent increases above the level of CPI inflation. Lothian has seen the highest increase in private rents for 1 bedroom properties, with average rents rising by 44.5% (cumulative increase over 9 years) and average rents in the Greater Glasgow area have risen by 33.7% between 2010 and 2019.
For the remaining areas of Scotland, cumulative increases were below CPI inflation and have ranged from 1.6% in West Dunbartonshire to 17.6% in West Lothian. Two areas saw average rents fall between 2010 and 2019. These were the Ayrshires (-1.4%) and Aberdeen and Shire (-11.1%). These regional trends combine to show a 19.1% cumulative increase for 1 bedroom properties from £436 in 2010 to £519 in 2019. See Chart 2 and Table 1 below.
Chart 2 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (years to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties
Table 1 - 1 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative Changes 2010 to 2019, by Broad Rental Market Area
|2010||2018||2019||2010 to 2019 change||2018 to 2019 change|
|Highland and Islands||415||471||478||15.1%||1.5%|
|Dundee and Angus||351||390||402||14.4%||2.9%|
|Perth and Kinross||377||410||427||13.1%||4.1%|
|Dumfries and Galloway||359||389||404||12.6%||4.0%|
|Argyll and Bute||382||424||417||9.1%||-1.8%|
|Renfrewshire / Inverclyde||374||384||392||4.6%||1.9%|
|Aberdeen and Shire||529||473||470||-11.1%||-0.5%|
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 2019, Lothian had the highest average monthly rents for 1 bedroom properties across Scotland (£752), with Greater Glasgow having rents of £585. Areas with the lowest average rents for 1 bedroom properties included Scottish Borders (£360) and Ayrshires (£370). See Chart 3 below.
Chart 3 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties