Private sector rent statistics: 2010 - 2020

Broad Rental Market Area Profile – Scottish Borders

Note in the following text and charts that average rents that have changed within +/- 0.5% could be considered as being fairly similar to previous periods.

Between 2019 and 2020, average (mean) rent in the Scottish Borders have increased for all property sizes, with increases seen for 1 bedroom (1.9%) properties, 2 bedroom (2.3%), 3 bedroom (2.4%), 4 bedroom (2.7%) and 1 bedroom shared (8.7%) properties , which compares to CPI inflation of 0.5% across this time period. Average rents have increased for all property sizes between 2010 and 2020, with increases ranging from 9.0% for 1 bedroom properties to 47.6% for 4 bedroom shared properties, which compares to CPI inflation of 21.5% across this time period.

In the latest year, the gap between the top end rents (upper quartile) and the bottom end (lower quartile) has increased for 3 bedroom and 4 bedroom properties.

Average 2 bedroom rents have been lower than the Scotland average in each year since 2010, with the average rent in 2020 being £502 per month, compared to the Scotland average of £689.1