Publication - Statistics

Private sector rent statistics: 2010 - 2019

Published: 19 Nov 2019
Part of:
Statistics
ISBN:
9781839602368

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

62 page PDF

3.5 MB

62 page PDF

3.5 MB

Contents
Private sector rent statistics: 2010 - 2019
Main Findings for 4 Bedroom Properties

62 page PDF

3.5 MB

Main Findings for 4 Bedroom Properties

From 2018 to 2019, 16 out of 18 areas have seen increases in average rents for 4 bedroom properties. The increases ranged from 0.6% in Lothian to 14.1% in Renfrewshire/Inverclyde, 15.6% in East Dunbartonshire and 16.2% in the West Dunbartonshire. Two areas saw decrease. These were a drop of 3.9% in the North Lanarkshire and a drop of 6.2% in Ayrshires. See Chart 8 and Table 4 below.

The regional trends combine to show a 3.7% increase for 4 bedroom properties from £1,278 in 2018 to £1,325 in 2019 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 2010 to 2019 period, West Dunbartonshire has seen the highest increase in private rents for 4 bedroom properties, with average monthly rents rising by 54.2% (cumulative increase over 9 years). Average rents in Greater Glasgow and Lothian have risen by 51.5% and 47.6%, respectively, over the same time period.

For the other areas of Scotland, cumulative increases have ranged from 4.6% in Argyll and Bute to 45.2% in Renfrewshire/Inverclyde. No areas of Scotland have seen decreases in average rent for 4 bedroom properties between 2010 and 2019.

These regional trends combine to show a 38.2% cumulative increase from £959 in 2010 to £1,325 in 2019 for 4 bedroom properties at the Scotland level.

Figures on changes to rents for 4 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. For example over the 9 year period, average rents for 4 bedroom properties in 14 out of the 18 areas have risen faster than the consumer price index, whilst changes in average rents for 4 bedroom properties in the other 4 areas of the country have been below the rise in the consumer price index. These can be seen in Chart 8.

Chart 8 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (years to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties

Chart 8 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (years to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties

Table 4 - 4 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
West Dunbartonshire 821 1,089 1,266 54.2% 16.2%
Greater Glasgow 1,067 1,527 1,617 51.5% 5.8%
Lothian 1,291 1,894 1,905 47.6% 0.6%
Renfrewshire / Inverclyde 834 1,061 1,210 45.2% 14.1%
Dundee and Angus 811 1,085 1,177 45.1% 8.5%
Scottish Borders 690 942 992 43.8% 5.3%
Fife 773 979 1,092 41.2% 11.6%
Forth Valley 857 1,148 1,207 40.8% 5.1%
Aberdeen and Shire 944 1,249 1,306 38.4% 4.5%
Scotland 959 1,278 1,325 38.2% 3.7%
East Dunbartonshire 1,135 1,344 1,553 36.8% 15.6%
West Lothian 834 1,007 1,055 26.5% 4.8%
South Lanarkshire 924 1,138 1,167 26.3% 2.6%
Perth and Kinross 858 993 1,056 23.2% 6.4%
Highland and Islands 751 882 915 21.9% 3.7%
Dumfries and Galloway 620 688 737 18.8% 7.0%
North Lanarkshire 776 926 890 14.7% -3.9%
Ayrshires 758 903 848 11.8% -6.2%
Argyll and Bute 924 945 967 4.6% 2.2%

See Reference Tables (Tables 7 to 14) 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 4 bedroom properties across Scotland (£1,905). Other areas with higher rents included Greater Glasgow (£1,617) and East Dunbartonshire (£1,553). Areas with the lowest average rents included Dumfries and Galloway (£737), Ayrshires (£848), and North Lanarkshire (£890). See Chart 9 below.

Chart 9 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties

Chart 9 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties


Contact

Email: felix.palin@gov.scot