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Edinburgh

The rate of rental growth in Edinburgh, which quickened last quarter, has been sustained in Q3, now up 5.6% YOY to another all time high at £1107. Positive annual growth in the capital has now been recorded for 32 consecutive quarters, 8 full years. 4 bed properties again saw the largest rises over the one year and ten year perspective, up 10.8% and 53% respectively. The average time to let in Edinburgh during the peak Q3 period was just 21 days and just 17 days for 1 bed properties. The large majority of properties in Edinburgh are let within a month (76%).

Market Overview - Q3 2018

Beds	Average Rent	Rent Change 1yr	Rent Change 5yrs	Rent Change 10yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£780	4.4%	38.3%	43.4%	17	0	35%	83%
2 bed	£1,033	6.8%	37.5%	47.2%	21	-1	25%	76%
3 bed	£1,394	5.4%	32.4%	41.7%	29	0	20%	60%
4 bed	£2,003	10.8%	36.1%	53.0%	29	-3	21%	65%
Total	£1,107	5.6%	35.0%	45.3%	21	-1	28%	76%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2008)

Year	Q1	Q2	Q3	Q4
2008	100.0	100.1	102.0	102.3
2009	99.2	96.9	97.6	98.3
2010	99.1	101.1	100.7	103.2
2011	102.5	102.9	104.8	104.3
2012	105.5	105.9	106.2	109.6
2013	109.4	109.5	109.8	110.0
2014	113.5	115.1	117.3	120.5
2015	122.1	123.6	126.1	127.2
2016	130.1	132.0	135.6	131.7
2017	136.9	138.8	140.3	136.0
2018	142.2	145.5	148.2

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
EH3	4.00%	3.70%	3.90%	3.60%	3.8%
EH7	5.60%	5.00%	5.50%	5.00%	5.1%
EH8	7.00%	7.00%	6.30%	6.60%	6.4%
EH9	4.80%	4.80%	5.10%	4.70%	4.8%
EH10	4.20%	4.10%	4.20%	3.80%	3.9%
EH11	5.80%	5.80%	5.80%	5.60%	5.3%
EH12	4.70%	4.90%	4.90%	4.70%	4.6%

Ian Lawson - Lomond Capital

“Central belt activity in Edinburgh and Glasgow still very busy and prominent as we head into Q4. We are still seeing investors seeking good quality property in Edinburgh and coming to the table with exciting growth/investment plans for stock in the 1-2 bed range. Despite a slight influx in landlords wanting to dip their toe in short term lets, we are comforted by enough landlord enquiries choosing long term rentals, having seen the market post PRT maintain itself and adapt.”

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Flats to rent in Edinburgh Houses to rent in Edinburgh