Publication - Statistics publication

Private sector rent statistics: 2010 - 2017

Published: 14 Nov 2017
Directorate:
Housing and Social Justice Directorate
Part of:
Housing, Statistics
ISBN:
9781788513531

This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2017.

Contents
Private sector rent statistics: 2010 - 2017
Main Findings for 2 Bedroom Properties

Main Findings for 2 Bedroom Properties

From 2016 to 2017, 15 out of 18 areas have seen increases in rent for 2 bedroom properties. These ranged from 0.7% in the Ayrshires to 6.9% in Lothian and 7.0% in Greater Glasgow. The areas which showed decreases in average rents for 2 bedroom properties between 2016 and 2017 were Aberdeen and Shire (-9.6%), Argyll and Bute (-1.7%) and West Dunbartonshire (-0.5%). This is the third 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 4.4% in average rents between 2016 and 2017 for 2 bedroom properties, at the Scotland level, from £616 to £643. This compares to an increase in the UK Consumer Price Index of 3.0% in the year to Sept-17.

Over the 7 year period from 2010 to 2017, 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 £888, or 33.7% (cumulative increase over 7 years). Average rents in the Greater Glasgow area have risen by a cumulative 32.1% over the last 7 years (from £564 to £745).

For the remaining areas of Scotland, cumulative increases over the last 7 years have ranged from 0.7% in West Dunbartonshire to 14.9% in Fife.

These regional trends combine to show a 19.9% cumulative increase in average rents from 2010 to 2017 for 2 bedroom properties at the Scotland level, from £536 to £643.

Figures on changes to rents over the period from 2010 to 2017 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 15.9% from Sept-10 to Sept-17. Over the 7 year period, average rents for 2 bedroom properties in the 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 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 4: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Table 2: 2 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative Changes 2010 to 2017, by Broad Rental Market Area

2010 2016 2017 2010 to 2017 change 2016 to 2017 change
Lothian 665 831 888 33.7% 6.9%
Greater Glasgow 564 696 745 32.1% 7.0%
Scotland 536 616 643 19.9% 4.4%
Fife 464 511 533 14.9% 4.4%
Forth Valley 492 530 563 14.2% 6.2%
Highland and Islands 503 561 575 14.2% 2.5%
West Lothian 527 578 599 13.5% 3.6%
East Dunbartonshire 581 636 653 12.4% 2.8%
Dundee and Angus 497 546 555 11.6% 1.6%
Perth and Kinross 506 540 549 8.4% 1.7%
South Lanarkshire 481 500 520 8.2% 4.0%
Renfrewshire / Inverclyde 473 494 508 7.3% 2.8%
Aberdeen and Shire 643 754 682 6.1% -9.6%
North Lanarkshire 455 476 480 5.6% 0.9%
Dumfries and Galloway 435 447 453 4.2% 1.5%
Scottish Borders 442 452 459 3.9% 1.4%
Argyll and Bute 503 525 516 2.6% -1.7%
West Dunbartonshire 492 498 496 0.7% -0.5%
Ayrshires 464 463 467 0.5% 0.7%

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 2017, Lothian had the highest average monthly rents for 2 bedroom properties across Scotland (£888). Other areas with higher rents included Greater Glasgow (£745), and Aberdeen and Shire (£682). Areas with the lowest average rents for 2 bedroom properties were Dumfries and Galloway (£453) and Scottish Borders (£459). See Chart 5 below.

Chart 5: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 5: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties


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