Private sector rent statistics: 2010 - 2019

This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2019.

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Main Findings for 2 Bedroom Properties

From 2018 to 2019, 15 out of 18 areas have seen increases in average rents for 2 bedroom properties. These ranged from 0.2% in North Lanarkshire to 5.3% in Greater Glasgow. The areas which showed decreases in average rents for 2 bedroom properties between 2018 and 2019 were Aberdeen and Shire (-0.3%), The Ayrshires (-0.7%) and East Dunbartonshire (-1.0%).This is the fifth 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 2018 and 2019 for 2 bedroom properties, at the Scotland level, from £652 to £668. This compares to an increase in the UK Consumer Price Index of 1.7% in the year to Sept-19.

Over the 9 year period from 2010 to 2019, 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 £972, or 46.3% (cumulative increase over 9 years). Average rents in the Greater Glasgow area have risen by a cumulative 38.3% over the last 9 years (from £564 to £780). For the remaining areas of Scotland, cumulative increases over the last 9 years have ranged from 1.4% in Aberdeen and Shire to 22.1% in Fife.

These regional trends combine to show a 24.6% cumulative increase in average rents from 2010 to 2019 for 2 bedroom properties at the Scotland level, from £536 to £668.

Figures on changes to rents 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, average rents for 2 bedroom properties in the Fife, 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 2019 (years to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 4 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (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 2019, by Broad Rental Market Area

2010 2018 2019 2010 to 2019 change 2018 to 2019 change
Lothian 665 946 972 46.3% 2.8%
Greater Glasgow 564 740 780 38.3% 5.3%
Scotland 536 652 668 24.6% 2.4%
Fife 464 548 567 22.1% 3.4%
Forth Valley 492 589 596 21.0% 1.2%
West Lothian 527 609 630 19.4% 3.4%
Highland and Islands 503 583 601 19.4% 3.1%
Dundee and Angus 497 562 582 17.0% 3.6%
East Dunbartonshire 581 684 677 16.5% -1.0%
Perth and Kinross 506 551 564 11.3% 2.4%
Scottish Borders 442 478 490 11.0% 2.6%
South Lanarkshire 481 526 533 11.0% 1.4%
Argyll and Bute 503 536 557 10.8% 3.9%
Dumfries and Galloway 435 461 476 9.3% 3.0%
Renfrewshire / Inverclyde 473 508 513 8.4% 1.0%
North Lanarkshire 455 487 488 7.3% 0.2%
West Dunbartonshire 492 503 509 3.4% 1.1%
Ayrshires 464 475 471 1.5% -0.7%
Aberdeen and Shire 643 654 652 1.4% -0.3%

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 2 bedroom properties across Scotland (£972). Other areas with higher than average (£668) rents included Greater Glasgow (£780) and East Dunbartonshire (£677). Areas with the lowest average rents for 2 bedroom properties were and the Scottish Borders (£490), North Lanarkshire (£488), and The Ayrshires (£471). See Chart 5 below.

Chart 5 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 5 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Contact

Email: felix.palin@gov.scot

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