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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
Scotland-level Average Rents

59 page PDF

6.8MB

Scotland-level Average Rents

Table 6 and Chart 12 below provide a summary of Scotland level changes to average (mean) rental prices over the years 2010 to 2017. Further information on the suitability of carrying out analysis at a Scotland level given the sample proportions each year across Broad Rental Market Areas is included in Annex C.

Chart 12: Average (mean) Monthly Rents, by Property Size: Scotland, 2010 to 2017

Chart 12: Average (mean) Monthly Rents, by Property Size: Scotland, 2010 to 2017

Table 6: Summary of Average (mean) Private Rents (£ monthly): Scotland, 2010 to 2017 (years to end Sept)

2010 2011 2012 2013 2014 2015 2016 2017
1 Bedroom Property 436 439 447 454 472 480 482 501
2 Bedroom Property 536 546 553 576 596 610 616 643
3 Bedroom Property 679 672 695 707 724 744 753 787
4 Bedroom Property 959 971 983 1,060 1,083 1,097 1,089 1,143
1 Bedroom in Shared Property 300 294 301 309 317 327 340 350
Percentage Increases:
2010 to 2011 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016 2016 to 2017 2010 to 2017
(annual increase) (annual increase) (annual increase) (annual increase) (annual increase) (annual increase) (annual increase) (7 year cumulative increase)
1 Bedroom Property 0.8% 1.8% 1.6% 3.9% 1.6% 0.4% 4.0% 15.0%
2 Bedroom Property 1.9% 1.2% 4.2% 3.6% 2.2% 1.0% 4.4% 19.9%
3 Bedroom Property -1.0% 3.4% 1.8% 2.3% 2.8% 1.2% 4.6% 15.9%
4 Bedroom Property 1.3% 1.2% 7.8% 2.2% 1.3% -0.7% 4.9% 19.2%
1 Bedroom in Shared Property -2.0% 2.5% 2.6% 2.6% 3.0% 4.0% 3.0% 16.6%

Notes:
Figures exclude any studio properties, properties with 5 or more bedrooms, or room rents associated with bed and breakfast lodgings. Figures for rooms in shared properties represent "rent only", i.e. exclude any payments for shared services. Note that some caution is needed when interpreting Scotland level findings. This is because whilst the underlying data aims to be representative of rents within each broad rental market area, no attempt has been made to apply any formal weighting techniques to account for any specific area-level sample sizes or structures when aggregating up to a single Scotland level figure.

From Table 6, it can be seen that average (mean) rents at a Scotland level have increased for all property sizes over the period from 2010 to 2017 (cumulative increases over 7 years).

The greatest cumulative increases over the 7 years from 2010 to 2017 have been for 2 bedroom properties (19.9% increase) and 4 bedroom properties (19.2% increase). Rents for 1 bedroom in shared properties have seen a cumulative increase of 16.6% whilst 3 bedroom properties have increased by 15.9%. Over the 7 years, 1 bedroom properties have seen a cumulative increase of 15.0%.

For 1, 2 and 3 bedroom properties, the latest annual increases of 4.0%, 4.4% and 4.6%, respectively, between 2016 and 2017 are all higher than any previous annual increases since 2010. For 4 bedroom properties, the latest annual increase of 4.9% between 2016 and 2017 is higher than any previous year since 2010, except for the 7.8% increase that was seen between 2012 and 2013. For 1 bedroom shared properties, the latest annual increase of 3.0% between 2016 and 2017 is broadly similar to previous annual increases since 2010, which have ranged from 2.5% to 4.0%, except for the 2.0% drop that was seen between 2010 and 2011.

Note that some of the Scotland level trends may reflect in part any significant trends at a local area level, for example cumulative increases in average rents for particular property sizes in particular areas of the country, rather than being indicative of trends in rents across all areas of the country.


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