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.
Average (mean) 2 bedroom rents in the Scottish Borders have been lower than the Scotland average in each year since 2010, with the average rent in 2021 being £516 per month, compared to the Scotland average of £693.
Between 2020 and 2021, average rents have increased for 1 bedroom (5.7%), 2 bedroom (3.0%), 3 bedroom (5.1%) and 4 bedroom (3.8%) properties, and have decreased for 1 bedroom shared properties (-5.0%), 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, with increases ranging from 15.2% for 1 bedroom properties to 53.2% for 4 bedroom shared properties, which compares to CPI inflation of 24.3% across this time period.
Since 2019, the gap between the top end rents (upper quartile) and the bottom end (lower quartile) has increased for 3 bedroom and 4 bedroom properties.