Broad Rental Market Area Profile – Forth Valley
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 2 (mean) bedroom rents in Forth Valley have been lower than the Scotland average in each year since 2010, with the average rent in 2021 being £642 per month, compared to the Scotland average of £693. The gap grew between 2011 and 2015, but has since narrowed, particularly in the latest year.
Between 2020 and 2021, average rents have increased for 1 bedroom (6.6%), 2 bedroom (4.6%) and 3 bedroom (0.6%) properties, but have dropped for 4 bedroom (-8.8%) and 1 bedroom shared properties (-4.3%), 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 and 1 bedroom shared property size categories, given the smaller sample numbers for these categories.
Between 2010 and 2021 average rents have increased for all property sizes, ranging from Increases range from 20.9% for 1 bedroom properties to 42.9% for 4 bedroom properties, which compares to CPI inflation of 24.3% across this time period.
Across 2 and 3 bedroom properties, since 2010 there have generally been greater increases in the top end rents (upper quartile) than the bottom end (lower quartile), resulting in the gap between top and bottom ends of the market widening.
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