Edinburgh

Rob Trotter

Rob Trotter - Rettie & Co.

“Demand for rental properties at all levels and in all areas remains significantly higher than supply. It’s really tough for tenants, especially those looking for more affordable, long-term rental accommodation. Despite the relaxation of rent controls, the removal of the eviction ban and strong rent inflation, there are still almost no investor buyers entering the market. This is despite mortgage rates reducing from their peak last year. The 6% additional dwelling tax levied on any investor buyer in Scotland is only serving to punish the tenant population through a severe lack of new investment.”

Market Overview - Q3 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 £1,106 4.2% 36.5% 83.7% 14 4 39% 89%
2 bed £1,490 2.7% 41.4% 84.2% 18 5 27% 81%
3 bed £2,070 6.2% 39.9% 77.2% 26 8 20% 66%
4 bed £2,818 2.8% 40.5% 85.0% 30 6 19% 62%
All £1,598 3.4% 39.2% 82.4% 20 6 29% 80%

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 198.3 210.7 213.9  

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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