West Lothian

Pat Mavor

Pat Mavor - Mavor & Company

“Mavor & Company have continued to experience strong demand in West Lothian for all rental properties. The lack of supply, however, is having an adverse effect on the market with rents increasing as investors choose to leave the sector for different reasons. Affordability and choice of homes for tenants are key issues; however the reduced supply of rented properties is causing a problem for our generation of renters. The housing shortage in Scotland will continue for the foreseeable future, so for those landlords that decide to remain in the market the future is bright in West Lothian.”

Market Overview - Q1 2018

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 £489 3.4% 11.4% 17.8% 31 -13 17% 67%
2 bed £607 3.2% 11.2% 12.4% 40 2 8% 45%
3 bed £756 4.0% 17.4% 21.9% 46 7 9% 37%
4 bed £994 5.5% 5.7% 23.2% 40 -18 18% 45%
Total £686 4.6% 13.6% 18.3% 40 -3 10% 46%

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 113.1 112.9 114.7 114.7
2018 118.3      

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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