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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 4 Bedroom Properties

59 page PDF

6.8MB

Main Findings for 4 Bedroom Properties

From 2016 to 2017, 13 out of 18 areas have seen increases in rent for 4 bedroom properties. The increases ranged from 0.7% in Highlands and Islands to 17.3% in Greater Glasgow and 21.5% in East Dunbartonshire. Perth and Kinross saw no change in average rents for 4 bedroom properties from 2016 to 2017, while four areas saw decreases, ranging from -0.1% in the Ayrshires to -9.5% in Aberdeen and Shire. 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 8 and Table 4 below.

The regional trends combine to show a 4.9% increase for 4 bedroom properties from £1,089 in 2016 to £1,143 in 2017 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 2010 to 2017 period, Greater Glasgow has seen the highest increase in private rents for 4 bedroom properties, with average monthly rents rising by 42.8% (cumulative increase over 7 years). Average rents in East Dunbartonshire have risen by 36.7%, whilst average rents in Renfrewshire / Inverclyde have risen by 31.4%.

For the other areas of Scotland, cumulative increases have ranged from 6.1% in Argyll and Bute to 29.1% in Dundee and Angus. No areas of Scotland have seen decreases in average rent for 4 bedroom properties between 2010 and 2017.

These regional trends combine to show a 19.2% cumulative increase from £959 in 2010 to £1,143 in 2017 for 4 bedroom properties at the Scotland level.

Figures on changes to rents for 4 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. For example over the 7 year period, average rents for 4 bedroom properties in 12 out of the 18 areas have risen faster than the consumer price index, whilst changes in average rents for 4 bedroom properties in the other 6 areas of the country have been below the rise in the consumer price index. These can be seen in Chart 8.

Chart 8: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties

Chart 8: Cumulative % Change In Average (mean) Rents from 2010 to 2017 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties

Table 4: 4 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 1,067 1,299 1,524 42.8% 17.3%
East Dunbartonshire 1,135 1,277 1,552 36.7% 21.5%
Renfrewshire / Inverclyde 834 1,015 1,095 31.4% 8.0%
Dundee and Angus 811 973 1,047 29.1% 7.7%
Forth Valley 857 1,052 1,095 27.8% 4.1%
Aberdeen and Shire 944 1,291 1,169 23.9% -9.5%
Lothian 1,291 1,512 1,592 23.4% 5.3%
Ayrshires 758 908 907 19.6% -0.1%
Scotland 959 1,089 1,143 19.2% 4.9%
Perth and Kinross 858 1,018 1,018 18.8% 0.0%
South Lanarkshire 924 1,022 1,097 18.7% 7.3%
Fife 773 901 917 18.6% 1.8%
West Lothian 834 920 975 16.9% 6.0%
North Lanarkshire 776 823 889 14.6% 8.0%
Dumfries and Galloway 620 646 702 13.3% 8.8%
Highland and Islands 751 822 828 10.3% 0.7%
Scottish Borders 690 740 750 8.8% 1.4%
West Dunbartonshire 821 907 886 7.9% -2.3%
Argyll and Bute 924 989 980 6.1% -0.8%

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 4 bedroom properties across Scotland (£1,592). Other areas with higher rents included East Dunbartonshire (£1,552), Greater Glasgow (£1,524), and Aberdeen and Shire (£1,169). Areas with the lowest average rents included Dumfries and Galloway (£702), Scottish Borders (£750), and Highlands and Islands (£828). See Chart 9 below.

Chart 9: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties

Chart 9: Average (mean) Monthly Rents from 2017 (year to end-Sept), by Broad Rental Market Area - 4-Bedroom Properties


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