Publication - Statistics

Private sector rent statistics: 2010 - 2019

Published: 19 Nov 2019
ISBN:
9781839602368

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

Private sector rent statistics: 2010 - 2019
Main Findings for 3 Bedroom Properties

Main Findings for 3 Bedroom Properties

Between 2018 and 2019, 14 out of 18 areas saw increases in average rents. These ranged from 0.4% in Aberdeen and Shire to 6.6% in Dundee and Angus and 8.3% in Fife. 4 areas saw decreases in average rents, with Argyll and Bute seeing the largest decrease of 7.4%. See Chart 6 and Table 3 below.

These regional trends combine to show an increase of 0.2% in average rents from £855 in 2018 to £857 in 2019 for 3 bedroom properties, at the Scotland level. 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, Lothian has seen the greatest increase in private rents for 3 bedroom properties, with average monthly rents rising from £918 to £1,329, a 44.8% increase (cumulative over 9 years). Average rents have increased in Greater Glasgow by 41.4% over the same time period.

For all other areas of Scotland, average rents for 3 bedroom properties have also increased. From 2010 to 2019, cumulative increases have ranged from 2.6% in Argyll and Bute to 26.8% in Fife.

These regional trends combine to show a 26.3% cumulative increase from £679 in 2010 to £857 in 2019 for 3 bedroom properties at the Scotland level.

Figures on changes to rents for 3 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, average rents for 3 bedroom properties have risen faster than the consumer price index in 8 areas, shown in Chart 6 below.

Chart 6 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (years to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

Chart 6 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (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 2019, by Broad Rental Market Area

2010 2018 2019 2010 to 2019 change 2018 to 2019 change
Lothian 918 1,345 1,329 44.8% -1.2%
Greater Glasgow 728 1,000 1,029 41.4% 3.0%
Fife 563 659 714 26.8% 8.3%
Scotland 679 855 857 26.3% 0.2%
East Dunbartonshire 750 936 946 26.1% 1.0%
Dundee and Angus 633 746 795 25.6% 6.6%
West Lothian 616 736 769 24.9% 4.6%
Forth Valley 643 783 801 24.6% 2.3%
Highland and Islands 595 710 726 22.1% 2.3%
Scottish Borders 515 591 616 19.6% 4.1%
Aberdeen and Shire 744 885 889 19.5% 0.4%
Perth and Kinross 647 723 759 17.2% 4.9%
South Lanarkshire 627 691 699 11.6% 1.3%
Dumfries and Galloway 500 546 551 10.2% 0.8%
Renfrewshire / Inverclyde 612 656 666 8.9% 1.5%
West Dunbartonshire 591 634 639 8.1% 0.7%
Ayrshires 556 608 583 4.9% -4.0%
North Lanarkshire 549 593 569 3.7% -4.0%
Argyll and Bute 638 706 654 2.6% -7.4%

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 3 bedroom properties across Scotland (£1,329). Other areas with higher rents than the Scottish average for 3 bedroom properties (£857) were Greater Glasgow (£1,029), East Dunbartonshire (£946) and Aberdeen and Shire (£889). Areas with the lowest average rents included Scottish Borders (£616), North Lanarkshire (£569), and Dumfries and Galloway (£551), and See Chart 7 below.

Chart 7 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

Chart 7 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties


Contact

Email: felix.palin@gov.scot