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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 2 Bedroom Properties

59 page PDF

6.8MB

Main Findings for 2 Bedroom Properties

From 2016 to 2017, 15 out of 18 areas have seen increases in rent for 2 bedroom properties. These ranged from 0.7% in the Ayrshires to 6.9% in Lothian and 7.0% in Greater Glasgow. The areas which showed decreases in average rents for 2 bedroom properties between 2016 and 2017 were Aberdeen and Shire (-9.6%), Argyll and Bute (-1.7%) and West Dunbartonshire (-0.5%). This is the third 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 4 and Table 2 below.

These regional trends combine to show an increase of 4.4% in average rents between 2016 and 2017 for 2 bedroom properties, at the Scotland level, from £616 to £643. This compares to an increase in the UK Consumer Price Index of 3.0% in the year to Sept-17.

Over the 7 year period from 2010 to 2017, the Lothian area of the country has seen the highest increase in private rents for 2 bedroom properties, with average monthly rents rising from £665 per month to £888, or 33.7% (cumulative increase over 7 years). Average rents in the Greater Glasgow area have risen by a cumulative 32.1% over the last 7 years (from £564 to £745).

For the remaining areas of Scotland, cumulative increases over the last 7 years have ranged from 0.7% in West Dunbartonshire to 14.9% in Fife.

These regional trends combine to show a 19.9% cumulative increase in average rents from 2010 to 2017 for 2 bedroom properties at the Scotland level, from £536 to £643.

Figures on changes to rents 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, average rents for 2 bedroom properties in the Lothian and Greater Glasgow areas have risen faster than the consumer price index, whilst changes in average rents for 2 bedroom properties in other areas of the country have been below the rise in the consumer price index.

Chart 4: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 4: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Table 2: 2 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 665 831 888 33.7% 6.9%
Greater Glasgow 564 696 745 32.1% 7.0%
Scotland 536 616 643 19.9% 4.4%
Fife 464 511 533 14.9% 4.4%
Forth Valley 492 530 563 14.2% 6.2%
Highland and Islands 503 561 575 14.2% 2.5%
West Lothian 527 578 599 13.5% 3.6%
East Dunbartonshire 581 636 653 12.4% 2.8%
Dundee and Angus 497 546 555 11.6% 1.6%
Perth and Kinross 506 540 549 8.4% 1.7%
South Lanarkshire 481 500 520 8.2% 4.0%
Renfrewshire / Inverclyde 473 494 508 7.3% 2.8%
Aberdeen and Shire 643 754 682 6.1% -9.6%
North Lanarkshire 455 476 480 5.6% 0.9%
Dumfries and Galloway 435 447 453 4.2% 1.5%
Scottish Borders 442 452 459 3.9% 1.4%
Argyll and Bute 503 525 516 2.6% -1.7%
West Dunbartonshire 492 498 496 0.7% -0.5%
Ayrshires 464 463 467 0.5% 0.7%

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 2 bedroom properties across Scotland (£888). Other areas with higher rents included Greater Glasgow (£745), and Aberdeen and Shire (£682). Areas with the lowest average rents for 2 bedroom properties were Dumfries and Galloway (£453) and Scottish Borders (£459). See Chart 5 below.

Chart 5: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties

Chart 5: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 2-Bedroom Properties


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