Broad Rental Market Area Profile – Dumfries and Galloway
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, and the gap has grown over the years, with the average rent in 2021 being £477 per month, compared to the Scotland average of £693.
Between 2020 and 2021 average rents have showed little change for 2 bedroom (0.1%) and 3 bedroom (-0.1%) properties, whilst average rents have increased for 1 bedroom (2.7%), 4 bedroom (6.6%) and 1 bedroom shared properties (8.4%), which compares to CPI inflation of 1.5% across this time period. Although some caution is needed when interpreting the changes over time for 4 bedroom properties given the smaller sample numbers for this category.
Between 2010 and 2021 average rents have increased for all property sizes, ranging from 9.5% for both 2 bedroom and 3 bedroom properties up to 27.4% for 4 bedroom properties, which compares to CPI inflation of 24.3% across this time period.
Over the latest three years, 4 bedroom properties have seen rents at the bottom end (lower quartile) increase narrowing the gap between the lower end and the upper end, although some of these changes may be due to the smaller sample size for this property category.
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