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Publication - Statistics Publication

Private sector rent statistics: 2010 - 2017

Published: 14 Nov 2017
Part of:
Housing, Statistics
ISBN:
9781788513531

This publication presents statistics on private sector rent levels in Scotland over the years 2010 to 2017.

59 page PDF

6.8MB

59 page PDF

6.8MB

Contents
Private sector rent statistics: 2010 - 2017
Main Findings for 1 Bedroom Properties

59 page PDF

6.8MB

Main Findings for 1 Bedroom Properties

Over the past year, 14 out of 18 areas have seen increases in rent for 1 bedroom properties. Lothian has seen the highest increase (7.9%) while Greater Glasgow has seen an increase of 5.6% between 2016 and 2017. These are the only two areas that have shown increases which are higher than the CPI inflation of 3.0% over the same time period. Other areas that have seen increases range from 1.0% in the Ayrshires to 2.8% in both Dundee and Angus and South Lanarkshire. Four areas saw a decrease, ranging from -0.2% in Dumfries and Galloway to -11.5% in Aberdeen and Shire. This is the second consecutive annual decrease for Aberdeen and Shire, which is likely to reflect decreased demand for rental properties following the downturn in the oil industry. See Chart 2 and Table 1 below.

Average rents for 1 bedroom properties have increased by 4.0% between 2016 and 2017, at the Scotland level, from £482 in 2016 to £501 in 2017. This compares to an increase in the UK Consumer Price Index of 3.0% in the year to Sept-17.

Figures on changes to rents for 1 bedroom properties over the period from 2010 to 2017 should be considered in the context of the cumulative increase in the UK Consumer Price Index of 15.9% from Sept-10 to Sept-17. Over the 7 year period from 2010 to 2017, two areas have seen rent increases above the level of CPI inflation. Lothian has seen the highest increase in private rents for 1 bedroom properties, with average rents rising by 35.3% (cumulative increase over 7 years) and average rents in the Greater Glasgow area have risen by 25.6% between 2010 and 2017.

For the remaining areas of Scotland, cumulative increases were below CPI inflation and have ranged from 0.5% in West Dunbartonshire to 13.3% in Highlands and Islands. Two areas saw average rents fall between 2010 and 2017. These were the Ayrshires (-1.5%) and Aberdeen and Shire (-5.3%). These regional trends combine to show a 15.0% cumulative increase for 1 bedroom properties from £436 in 2010 to £501 in 2017.

Chart 2: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties

Chart 2: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties

Table 1: 1 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative Changes 2010 to 2017, by Broad Rental Market Area

2010 2016 2017 2010 to 2017 change 2016 to 2017 change
Lothian 520 653 704 35.3% 7.9%
Greater Glasgow 437 520 549 25.6% 5.6%
Scotland 436 482 501 15.0% 4.0%
Highland and Islands 415 461 470 13.3% 2.1%
Dundee and Angus 351 383 394 12.2% 2.8%
West Lothian 428 470 477 11.4% 1.5%
Perth and Kinross 377 408 416 10.3% 2.0%
Argyll and Bute 382 412 417 9.2% 1.2%
Fife 379 403 411 8.6% 2.2%
East Dunbartonshire 450 479 488 8.5% 1.9%
Forth Valley 387 408 415 7.2% 1.8%
Dumfries and Galloway 359 384 383 6.8% -0.2%
North Lanarkshire 373 381 390 4.5% 2.2%
Renfrewshire / Inverclyde 374 392 387 3.3% -1.3%
Scottish Borders 336 338 345 2.6% 2.1%
South Lanarkshire 382 381 391 2.4% 2.8%
West Dunbartonshire 397 400 399 0.5% -0.4%
Ayrshires 375 366 370 -1.5% 1.0%
Aberdeen and Shire 529 566 501 -5.3% -11.5%

See Reference Tables ( Tables 7 to 14) for a more detailed breakdown of quartile and average rents for each year.

For the year to end-September 2017, Lothian had the highest average monthly rents for 1 bedroom properties across Scotland (£704), with Greater Glasgow having rents of £549. Areas with the lowest average rents for 1 bedroom properties included Scottish Borders (£345) and Ayrshires (£370). See Chart 3 below.

Chart 3: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties

Chart 3: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 1-Bedroom Properties


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