Private Sector Rent Statistics, Scotland, 2010 to 2022

This publication presents statistics on average private sector rent levels in Scotland by Broad Rental Market Area and size of property, for the years 2010 to 2022.

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5. Main Findings for 3 Bedroom Properties

In the year to end September 2022, average 3 bedroom rents increased above the average 12 month UK CPI inflation rate of 7.6% in 11 out of 18 areas, ranging from an increase of 7.8% in Fife up to 26.5% in Argyll and Bute. One area (Greater Glasgow) saw an increase at the rate of inflation of 7.6%. A further four areas saw increases in average rents but below CPI, and two areas saw little change (within +/-0.5%) in average rents compared with the previous year, including the Ayrshires and Dumfries and Galloway.

Average rents for 3 bedroom properties at the Scotland level increased by an estimated 7.4% between 2021 and 2022, to reach £906 in 2022, which compares to an average increase in UK CPI of 7.6% across the year to September 2022.

Figures on longer term changes to rents for 3 bedroom properties over the period from 2010 to 2022 should be considered in the context of the cumulative increase in UK CPI of 33.7% from the year to end September 2010 to the year to end September 2022.

Over the 12 year period from 2010 to 2022, seven areas have seen rent increases for 3 bedroom properties above the level of CPI inflation, ranging from an increase of 39.8% in Dundee and Angus up to 52.3% in Forth Valley.

These cumulative increases equate to a range of annualised growth rates between 2.8% in Dundee and Angus to 3.6% in Forth Valley, when calculated on a compound annual increase basis between 2010 and 2022.

For the remaining ten areas of Scotland, cumulative increases have been below CPI inflation, and have ranged from 8.9% in the Ayrshires up to 32.4% in Perth and Kinross.

These regional trends combine to show an estimated 34.5% cumulative increase for 3 bedroom properties between 2010 and 2022 (equating to an annualised growth rate of 2.5%), to £906 in 2022. See Table 3 and Chart 6 below.

Table 3: 3 Bedroom Properties - Average (mean) monthly rents (£): Cumulative changes 2010 to 2022, by Broad Rental Market Area

Broad Rental Market Area

2010

2021

2022

2010 to 2022 change

2021 to 2022 change

Forth Valley

643

899

979

52.3%

8.9%

East Dunbartonshire

750

1,017

1,138

51.7%

11.9%

Lothian

918

1,301

1,382

50.6%

6.2%

Greater Glasgow

728

1,016

1,093

50.1%

7.6%

Fife

563

778

839

49.0%

7.8%

West Lothian

616

781

876

42.2%

12.1%

Dundee and Angus

633

809

884

39.8%

9.3%

Scotland

674

844

906

34.5%

7.4%

Perth and Kinross

647

777

857

32.4%

10.3%

Argyll and Bute

638

659

834

30.9%

26.5%

Scottish Borders

515

663

670

30.1%

1.0%

South Lanarkshire

627

732

813

29.6%

11.0%

Highland and Islands

595

737

770

29.5%

4.5%

Aberdeen and Shire

744

867

931

25.2%

7.4%

West Dunbartonshire

591

672

728

23.2%

8.4%

North Lanarkshire

549

600

668

21.8%

11.4%

Renfrewshire / Inverclyde

612

642

693

13.4%

8.1%

Dumfries and Galloway

500

547

549

9.8%

0.3%

Ayrshires

556

608

606

8.9%

-0.3%

Note: See the Supporting Documents Excel Workbook Table 7 for a more detailed breakdown of quartile and average rents for each year. Also note that the Scotland figures have been calculated using a weighted stock approach, with further information on this available in Section 8 and Annex C.

Chart 6: Forth Valley, East Dunbartonshire, Lothian, Greater Glasgow and Fife have seen the largest cumulative percentage rises in average 3 bedroom rents between 2010 and 2022

A bar chart showing the percentage changes for three bedroom properties for each BRMA between 2010 to 2022 and 2021 to 2022, with a cumulative CPI rate of 33.7% as comparison.  Forth Valley and East Dunbartonshire have the highest percentage changes between 2010 and 2022, with Ayrshires and Dumfries and Galloway having the lowest.

Chart 7: In 2022, Lothian had the highest average monthly 3 bedroom rent (£1,382), with Dumfries and Galloway having the lowest (£549)

A bar chart showing the mean monthly rents of three bedroom properties, for all BRMA's including Scotland. Lothian has the highest rent at £1,382 and Dumfries and Galloway has the lowest with £549

Contact

Email: housingstatistics@gov.scot

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