Main Findings for 1 Bedroom in a Shared Property
From 2018 to 2019, 10 out of 18 areas have seen increases in average rents for 1 bedroom shared properties. The increases ranged from 0.2% in Perth and Kinross to 16.8% in Argyll and Bute. Highlands and Islands saw no change. There were seven areas that saw decreases, ranging from a drop of 14.9% in the Scottish Borders to a drop of 0.9% in South Lanarkshire. See Chart 10 and Table 5 below.
These regional trends combine to show an increase of 2.0% in average rents from £366 in 2018 to £373 in 2019 for 1 bedroom in a shared property 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, the Lothian has seen the highest increase in average private rents for 1 bedroom shared properties, with average rents rising by 43.9% (cumulative increase over 9 years).
A further 5 areas have seen increases that were higher than the Scotland average over the 9 years (24.5%). These ranged from 25.2% in Forth Valley to 30.8% in Dundee and Angus. Other areas that saw increases to a lesser extent ranged from 1.9% in Dumfries and Galloway to 22.3% in the Ayrshires.
These regional trends combine to show a 24.5% cumulative increase from £300 in 2010 to £373 in 2019 for 1 bedroom shared properties at the Scotland level.
Figures on changes to rents for 1 bedroom shared 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 1 bedroom shared properties in 7 out of 18 areas of Scotland have risen faster than the consumer price index, and West Lothian has risen at the same rate. Changes in average rents for 1 bedroom shared properties in other areas of the country have been below the rise in the consumer price index. This is shown on Chart 10.
Chart 10 Cumulative % Change in Average (mean) Rents from 2010 to 2019 (years to end-Sept), by Broad Rental Market Area - 1 bedroom shared properties
Table 5 - 1 Bedroom Shared 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|
|Dundee and Angus||263||332||344||30.8%||3.5%|
|Highland and Islands||287||371||371||29.1%||0.0%|
|Perth and Kinross||262||312||312||19.3%||0.2%|
|Argyll and Bute||316||320||374||18.5%||16.8%|
|Renfrewshire / Inverclyde||296||309||332||12.0%||7.4%|
|Aberdeen and Shire||328||354||359||9.3%||1.4%|
|Dumfries and Galloway||278||295||283||1.9%||-3.9%|
Note: Figures for rooms in shared properties represent "rent only", i.e. exclude any payments for shared services.
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 1 bedroom shared properties across Scotland (£460). Other areas with higher rents included Greater Glasgow (£403) and Argyll and Bute (£374). Areas with the lowest average rents included Dumfries and Galloway (£283) and North Lanarkshire (£303). See Chart 11 below.
Chart 11 Average (mean) Monthly Rents 2019 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Shared Properties
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