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PROPERTY INVESTORS
NETWORK NOVEMBER
LETTING MARKET UPDATE
TABLE 1: Average (mean) monthly rents (£) for 1 Bedroom Properties in
2010 and 2014 (years to end-Sept), with Cumulative % change
2010
2014
Cumulative Change
Aberdeen and Shire
529
664
25.5%
Lothian
520
582
11.9%
Greater Glasgow
437
476
9.0%
Scotland
436
472
8.4%
Fife
379
405
6.9%
Highland and Islands
415
440
5.9%
Dundee and Angus
351
369
5.2%
East Dunbartonshire
450
472
5.0%
West Lothian
428
448
4.7%
Argyll and Bute
382
395
3.5%
Perth and Kinross
377
389
3.0%
Dumfries and Galloway
359
369
2.9%
Renfrewshire / Inverclyde
374
378
0.8%
North Lanarkshire
373
375
0.5%
Scottish Borders
336
337
0.3%
Forth Valley
387
387
0.2%
South Lanarkshire
382
380
-0.8%
West Dunbartonshire
397
390
-1.7%
Ayrshires
375
365
-2.8%
re
a
an
d
-5.0%
Sh
i
te Lo r e
r G th
la ian
H
sg
ig
hl
o
S
an
co w
d
tla
Du a
nd
Ea nd nd
st ee Isl F
Du a an ife
nb nd ds
ar An
W to n gus
Ar est shi
Du
r
Re m Per gyll Lot e
nf frie th an h ia
re s an d n
w an d B u
sh d K t
ire G in e
N / I allo ross
or n w
th ve a
Sc La rcly y
ot na d
tis rk e
h sh
W Sou Fo Bor ire
es th rt d e
t D L h rs
u n ana Va
ba rk lley
rt sh
o n ir e
s
Ay hire
rs
hi
re
s
G
en
Ab
er
de
% change 2010 to 2014
1 Bedroom Properties Average
Rent Changes 2010-2014
CHART 2: Cumulative % Change in Average (mean) Rents from
2010 to 2014 (years to end-Sept), by Broad Rental Market
Area - 1-Bedroom Properties
30.0%
25.0%
20.0%
The dotted line indicates the
cumulative increase in the
UK Consumer Price Index of
11.7% from Sept-10 to Sept14
15.0%
10.0%
5.0%
0.0%
2 Bedroom Properties - Average (mean) Monthly Rents (£): Cumulative
Changes 2010 to 2014, by Broad Rental Market Area
2010
Cumulative
Change
2014
Cumulative CPI
Aberdeen and Shire
643
898
40%
11.7%
Lothian
665
779
17%
11.7%
Scotland
536
596
11%
11.7%
Greater Glasgow
564
626
11%
11.7%
Fife
464
510
10%
11.7%
Highland and Islands
503
532
6%
11.7%
Dundee and Angus
497
518
4%
11.7%
East Dunbartonshire
581
604
4%
11.7%
West Lothian
527
543
3%
11.7%
Forth Valley
492
506
3%
11.7%
South Lanarkshire
481
494
3%
11.7%
Perth and Kinross
506
520
3%
11.7%
Renfrewshire / Inverclyde
473
483
2%
11.7%
North Lanarkshire
455
464
2%
11.7%
Dumfries and Galloway
435
442
2%
11.7%
Scottish Borders
442
444
1%
11.7%
Ayrshires
464
461
-1%
11.7%
Argyll and Bute
503
495
-2%
11.7%
West Dunbartonshire
492
479
-3%
11.7%
an
d
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
-5.0%
Sh
i
Gr
Lo r e
ea S th
te co ian
Hi
r G tla
gh
la
las n d
n
go
Du d a
w
n
n
Ea d d
st ee Isl F
Du an an ife
nb d ds
ar An
W to n gus
es sh
t ir
So
Re
ut Fo Loth e
nf P h L rth ia
re e a V n
ws rth na a
hi a rk s lley
Du N re / nd K h ir
m or In in e
fri th ve ro
es La rc ss
an na lyd
Sc d G rk sh e
ot all ir
tis ow e
h a
Bo y
W
A
es r A rd e
t D gy yr rs
u n ll a sh
ba nd ir e
rto Bu s
ns te
hi
re
en
Ab
er
de
% change 2010 to 2014
2 Bed Properties Average Rent
Change from 2010 to 2014
CHART 4: Cumulative % Change in Average (mean) Rents from
2010 to 2014 (years to end-Sept), by Broad Rental Market
Area - 2-Bedroom Properties
The dotted line indicates the
cumulative increase in the UK
Consumer Price Index of
11.7% from Sept-10 to Sept14
TABLE 5: Average (mean) monthly rents (£) for 3 Bedroom Properties
in 2010 and 2014 (years to end-Sept), with Cumulative % change
2010
2014
Cumulative Change
Aberdeen and Shire
744
1,089
46.4%
Lothian
918
1,066
16.1%
Greater Glasgow
728
796
9.3%
Fife
563
609
8.1%
Scotland
679
724
6.6%
East Dunbartonshire
750
799
6.5%
Dundee and Angus
633
668
5.6%
Highland and Islands
595
625
5.1%
West Lothian
616
637
3.4%
Scottish Borders
515
528
2.6%
Dumfries and Galloway
500
512
2.4%
Ayrshires
556
569
2.3%
Renfrewshire / Inverclyde
612
622
1.7%
North Lanarkshire
549
551
0.4%
Argyll and Bute
638
640
0.3%
West Dunbartonshire
591
591
-0.1%
Forth Valley
643
637
-0.9%
Perth and Kinross
647
639
-1.2%
South Lanarkshire
627
617
-1.6%
an
d
-10.0%
Sh
ir
er Lot e
Gl h i
as an
Ea
go
st
w
Du
Du nb S F
H i n a co if
gh de rto tl e
la e n an
nd an sh d
an d A ire
d ng
Du
Is u
W
m Sc e lan s
fri ot st ds
es tis Lo
Re
a n h B th
nf
d o ian
re
Ga rd
ws
llo ers
hi
w
re
No / I Ayr ay
rth n ve sh
W
L rc ir e
es Ar ana lyd s
t D gy rk e
u n ll a sh
ba nd ire
rt B
Pe F o ns ute
r o h
So th a rth ire
ut nd Va
h
La K in lley
na ro
rk ss
sh
ir e
Gr
ea
t
en
Ab
er
de
% change 2010 to 2014
3 Bedroom Property Average Rent
Changes 2010-2014
CHART 6: Cumulative % Change in Average (mean) Rents from
2010 to 2014 (years to end-Sept), by Broad Rental Market
Area - 3-Bedroom Properties
50.0%
40.0%
30.0%
The dotted line indicates the
cumulative increase in the UK
Consumer Price Index of
11.7% from Sept-10 to Sept14
20.0%
10.0%
0.0%
TABLE 7: Average (mean) monthly rents (£) for 4 Bedroom Properties
in 2010 and 2014 (years to end-Sept), with Cumulative % change
2010
2014
Cumulative Change
Aberdeen and Shire
944
1,565
65.8%
Dundee and Angus
811
961
18.5%
Renfrewshire / Inverclyde
834
975
17.0%
1,067
1,211
13.5%
959
1,083
13.0%
1,135
1,280
12.7%
Fife
773
871
12.6%
Ayrshires
758
840
10.8%
1,291
1,428
10.7%
West Lothian
834
889
6.6%
Perth and Kinross
858
913
6.4%
South Lanarkshire
924
977
5.7%
Scottish Borders
690
727
5.4%
Dumfries and Galloway
620
637
2.7%
Forth Valley
857
879
2.5%
North Lanarkshire
776
792
2.0%
Highland and Islands
751
762
1.5%
Argyll and Bute
924
909
-1.6%
West Dunbartonshire
821
796
-3.1%
Greater Glasgow
Scotland
East Dunbartonshire
Lothian
Ab
er
Re
d
nf Du ee
re nd n a
ws e n
hi e a d S
re n h
d i
Gr / In An r e
ea ve gu
te rcl s
Ea
r G yd
st
las e
Du
nb S gow
ar co
to tla
ns n d
hi
re
Ay F
r s ife
h
Pe We Lo ir es
rth st th
So a L ia
ut nd oth n
Du
h
i
m Sc Lan K in an
fri ot a ro
es tis rk ss
an h B sh i
d o re
Ga rd
H i No F llow ers
gh rth or a
la L th y
nd an Va
an ark lle
W
es Ar d Is sh i y
t D gy la re
u n ll a n ds
ba nd
rto Bu
ns te
hi
re
% change 2010 to 2014
4 Bedroom Property Average Rent
Changes 2010-2014
CHART 8: Cumulative % Change in Average (mean) Rents from
2010 to 2014 (years to end-Sept), by Broad Rental Market
Area - 4-Bedroom Properties
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
-10.0%
The dotted line indicates the
cumulative increase in the
UK Consumer Price Index of
11.7% from Sept-10 to Sept14
10.0%
0.0%