Main Findings for 1 Bedroom Properties
Over the past year, 16 out of 18 areas have seen increases in rent for 1 bedroom properties. West Lothian has seen the highest increase (5.5%) while Lothian has seen an increase of 5.3% between 2015 and 2016. Other areas that have seen increases range from 5.2% in Renfrewshire / Inverclyde to 0.5% in Dundee and Angus. Four areas saw a decrease, ranging from -0.5% in Scottish Borders to -15.2% in Aberdeen and Shire. See Chart 2 and Table 1 below.
Average rents for 1 bedroom properties have increased by 0.4% between 2015 and 2016, at the Scotland level.
Over the 6 year period from 2010 to 2016, Lothian has seen the highest increase in private rents for 1 bedroom properties, with average rents rising by 25.5% (cumulative increase over 6 years). Average rents in the Greater Glasgow area have risen by 19.0% between 2010 and 2016, whilst average rents in Highlands and Islands have increased by 11.0%.
For the remaining areas of Scotland, cumulative increases have ranged from 9.7% (West Lothian) to 0.5% (Scottish Borders). The two areas where average rents fell between 2010 and 2016 were South Lanarkshire (-0.4%) and the Ayrshires (-2.4%).
These regional trends combine to show a 10.5% cumulative increase for 1 bedroom properties from £436 in 2010 to £482 in 2016.
Figures on changes to rents for 1 bedroom properties over the period from 2010 to 2016 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 12.6% from Sept-10 to Sept-16. For example over the 6 year period, average rents for 1 bedroom properties in the Lothian and Greater Glasgow areas have risen faster than the consumer price index, whilst changes in average rents for 1 bedroom properties in other areas of the country have been below the rise in the consumer price index.
CHART 2: Cumulative % Change in Average (mean) Rents from
2010 to 2016 (years to end-Sept), by Broad Rental Market Area -
TABLE 1: 1 Bedroom Properties - Average (mean) Monthly
Rents (£): Cumulative Changes 2010 to 2016, by Broad Rental
|2010||2015||2016||2010 to 2016 change||2015 to 2016 change|
|Highland and Islands||415||450||461||11.0%||2.4%|
|Dundee and Angus||351||381||383||9.2%||0.5%|
|Perth and Kinross||377||403||408||8.1%||1.4%|
|Argyll and Bute||382||398||412||7.9%||3.6%|
|Dumfries and Galloway||359||373||384||7.1%||2.9%|
|Aberdeen and Shire||529||667||566||7.0%||-15.2%|
|Renfrewshire / Inverclyde||374||372||392||4.6%||5.2%|
See Reference Tables (Tables 12 to 18) for a more detailed breakdown of quartile and average rents for each year.
For the year to end-September 2016, Lothian had the highest average monthly rents for 1 bedroom properties across Scotland (£653). Other areas with higher rents included Aberdeen and Shire (£556) and Greater Glasgow (£520). Areas with the lowest average rents for 1 bedroom properties included Ayrshires (£366) and Scottish Borders (£338). See Chart 3 and Table 2 below.
CHART 3: Average (mean) Monthly Rents 2016 (year to
end-Sept), by Broad Rental Market Area - 1-Bedroom
TABLE 2: Average (mean) monthly rents for 1 Bedroom Properties in 2016 (year to end-Sept)
|1 Bedroom Properties||£ monthly|
|Aberdeen and Shire||566|
|Highland and Islands||461|
|Argyll and Bute||412|
|Perth and Kinross||408|
|Renfrewshire / Inverclyde||392|
|Dumfries and Galloway||384|
|Dundee and Angus||383|