West Lothian

Brian Callaghan

Brian Callaghan - Letting Solutions

“A great time to be a landlord in that exceptional demand from tenants is reassuring and provides quality tenants at strong rental levels. In two days we let seven West Lothian properties, and could have rented them out several times over. Fewer tenants moving on is another plus for landlords. However, there is a growing realisation among landlords of the increasing tax they face, while compliance places heavy demands on finances. More emphasis on creating a safer environment for tenants is to be welcomed, but sadly the contribution of landlords is not reciprocated by government through fiscal policy.”

Market Overview - Q2 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 £494 4.9% 15.7% 17.9% 36 -13 11% 53%
2 bed £614 2.8% 12.5% 11.6% 44 -8 9% 47%
3 bed £758 8.1% 18.6% 19.2% 36 -12 16% 45%
4 bed £980 -1.1% 10.7% 22.8% 45 6 14% 50%
Total £682 4.1% 13.3% 16.0% 40 -9 11% 47%

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 118.3 117.6    

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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