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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 3 Bedroom Properties

59 page PDF

6.8MB

Main Findings for 3 Bedroom Properties

Between 2016 and 2017, 15 out of 18 areas saw increases in rents. These ranged from 1.3% in Renfrewshire / Inverclyde and 1.9% in Ayrshires to 10.9% in Forth Valley. Three areas saw decreases; these were North Lanarkshire (-1.6%), Argyll and Bute (-2.1%), and Aberdeen and Shire (-6.9%). 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 6 and Table 3 below.

These regional trends combine to show an increase of 4.6% in average rents from £753 in 2016 to £787 in 2017 for 3 bedroom properties, at the Scotland level. 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 Greater Glasgow area has seen the greatest increase in private rents for 3 bedroom properties, with average monthly rents rising from £728 to £965, a 32.5% increase (cumulative over 7 years). Average rents have increased in Lothian by 24.6% and by 23.2% in East Dunbartonshire.

For all other areas of Scotland, average rents for 3 bedroom properties have also increased. From 2010 to 2017, cumulative increases have ranged from 1.2% in North Lanarkshire to 17.0% in Forth Valley. Average rents in Aberdeen and Shire have risen by 16.4% over the 7 years despite rents falling between 2014 and 2017.

These regional trends combine to show a 15.9% cumulative increase from £679 in 2010 to £787 in 2017 for 3 bedroom properties at the Scotland level.

Figures on changes to rents for 3 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, average rents for 3 bedroom properties have risen faster than the consumer price index in 8 areas, shown in Chart 6 below.

Chart 6: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

Chart 6: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

Table 3: 3 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
Greater Glasgow 728 915 965 32.5% 5.4%
Lothian 918 1,112 1,144 24.6% 2.9%
East Dunbartonshire 750 859 924 23.2% 7.5%
Forth Valley 643 678 752 17.0% 10.9%
Fife 563 617 657 16.7% 6.5%
Perth and Kinross 647 700 754 16.6% 7.8%
Aberdeen and Shire 744 930 866 16.4% -6.9%
Highland and Islands 595 672 692 16.4% 3.1%
Scotland 679 753 787 15.9% 4.6%
West Lothian 616 691 709 15.0% 2.6%
Dundee and Angus 633 702 717 13.4% 2.2%
Scottish Borders 515 546 566 9.9% 3.6%
Renfrewshire / Inverclyde 612 643 652 6.5% 1.3%
Ayrshires 556 579 590 6.0% 1.9%
South Lanarkshire 627 637 662 5.5% 3.9%
Dumfries and Galloway 500 514 526 5.3% 2.4%
Argyll and Bute 638 666 652 2.2% -2.1%
West Dunbartonshire 591 575 604 2.2% 5.0%
North Lanarkshire 549 564 555 1.2% -1.6%

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 3 bedroom properties across Scotland (£1,144). Other areas with higher rents than the Scottish average for 3 bedroom properties (£787) were Greater Glasgow (£965), East Dunbartonshire (£924) and Aberdeen and Shire (£866). Areas with the lowest average rents included Dumfries and Galloway (£526), North Lanarkshire (£555), and Scottish Borders (£566). See Chart 7 below.

Chart 7: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties

Chart 7: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 3-Bedroom Properties


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