West Lothian

Alistair J McMurdo

Alistair J McMurdo - Letting Solutions

“The rental market in West Lothian over the past few months has continued to show strong growth with new landlords entering the market despite the changes in taxation. It would appear that given the alternatives, property still remains a good place to invest, plus tenant demand is still outstripping supply. New certification / compliance legislation by the Scottish Government has contributed to higher rents as landlords need to recoup the increasing costs being imposed on them.”

Market Overview - Q2 2017

BedsAverage
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 £471 0.6% 2.2% 6.1% 49 17 6% 33%
2 bed £597 3.1% 11.4% 11.6% 52 21 9% 38%
3 bed £701 -2.8% 9.9% 11.1% 48 14 2% 43%
4 bed £991 0.4% 12.7% 6.9% 39 17 18% 59%
Total £655 0.5% 9.0% 9.9% 49 18 7% 40%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 101.4 104.8 101.2
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 107.4 112.4 113.3 115.3
2017 113.1 112.9    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
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