Edinburgh

Hannah Doig

Hannah Doig - Clan Gordon

“The private rental market remains robust with Clan Gordon securing all types of new properties monthly. Many landlords are now opting to travel, work abroad or transition from short-term rentals following the legislation announced in October 2023, boosting property availability on the long-term market. While achievable rents are still favourable, the market is stabilising due to increased listings. Tenants are increasingly demanding high-quality properties, pushing landlords to invest in upgrades which is a positive trend. High-quality properties attract quality tenants ensuring a healthier market.”

Market Overview - Q2 2024

BedsAverage
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 £1,080 8.1% 37.6% 82.4% 17 8 33% 82%
2 bed £1,443 5.9% 40.9% 84.8% 23 8 25% 73%
3 bed £2,058 7.4% 38.9% 82.8% 29 12 22% 66%
4 bed £2,862 4.9% 35.4% 86.3% 21 4 31% 78%
All £1,574 6.6% 39.0% 83.0% 22 8 27% 75%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
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 142.2 145.5 148.3 146.6
2019 149.3 151.5 153.7 151.4
2020 152.9 150.2 152.5 145.2
2021 142.3 149.3 154.9 159.6
2022 162.5 171.8 177.6 183.4
2023 183.7 197.7 207.0 201.2
2024 198.3 210.7    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
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