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West Lothian

Rents in West Lothian have continued their upward trajectory, recording 5% growth in a quickening market where properties rent 8 days faster than last year at 32 days.

Market Overview - Q3 2016

Beds	Average Rent	Rent Change 1yr	Rent Change 3yrs	Rent Change 5yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£468	3.1%	7.3%	6.6%	28	-2	14%	57%
2 bed	£584	3.4%	6.6%	10.8%	33	-10	18%	52%
3 bed	£688	0.4%	8.2%	10.6%	31	-6	20%	55%
All	£657	5.0%	4.1%	12.7%	32	-8	18%	54%

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	101.4	104.8	101.2
2009	101.9	98.4	100.5	99.7
2010	100.9	100.2	100.2	100.3
2011	100.7	104.8	100.5	100.9
2012	98.1	102.8	103.3	103.4
2013	104.1	103.8	108.8	104.3
2014	103.3	103.6	105.2	104.1
2015	105.9	105.7	107.9	110.0
2016	107.4	112.4	113.3

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
EH48	7.50%	7.20%	7.20%	7.00%	6.8%
EH49	5.10%	5.30%	5.10%	5.20%	4.8%
EH54	7.00%	6.80%	7.10%	6.70%	6.7%

Alistair J McMurdo - Castlebrae Letting

“The rental market in West Lothian continues to be very strong with exceptionally high demand for all properties. Limited supply continues to be an issue making this an ideal time for existing and new landlords to consider expanding and investing in the rental market. With interest rates being so low, demand high, and some very attractive mortgage deals around, the sector can offer some great returns compared to traditional savings accounts. Despite new legislation we have actually seen a significant increase in clients expanding their portfolios, seeing this as a long term plan.”

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