Broad Rental Market Area Profile – Ayrshires
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.
Average (mean) 2 bedroom rents have been lower than the Scotland average in each year since 2010. Although the gap has grown over the years, it has narrowed slightly in the latest year 2021, with the average rent in 2021 being £500 per month, compared to the Scotland average of £693.
Between 2020 and 2021 average rents have increased across each property size category, with increases seen for 1 bedroom (7.5%), 2 bedroom (6.8%), 3 bedroom (1.8%), 4 bedroom (9.6%), and 1 bedroom shared properties (7.3%), which compares to CPI inflation of 1.5% across this time period.
Between 2010 and 2021, average rents have increased for all property sizes, with the largest increase being for 4 bedroom properties (31.1%), higher than CPI inflation of 24.3% across this time period.
For 1 bedroom shared properties, a greater increase at the top end (upper quartile) than the bottom end (lower quartile) has caused the gap between the top end and bottom ends to widen in recent years.