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West Lothian

Property to rent in West Lothian continued to move upwards in Q1 2019, rising 3.5% YOY to stand at £710 per month. TTLs dropped a material 6 days to average 34 days.

Market Overview - Q1 2019

Beds	Average 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	£511	4.5%	15.6%	20.5%	33	2	16%	63%
2 bed	£609	0.3%	12.4%	13.4%	34	-6	26%	58%
3 bed	£757	0.1%	23.9%	21.3%	40	-6	11%	49%
4 bed	£1,019	2.5%	13.5%	14.6%	19	-21	40%	80%
Total	£710	3.5%	18.5%	20.1%	34	-6	21%	58%

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	115.3
2017	113.1	112.9	114.7	114.7
2018	118.3	117.6	120.0	120.5
2019	122.4

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%

Robert Young - The Key Place

“It has been an interesting quarter as, after the normal rush of tenant enquiries following the break-up inducing festive period holidays, there was a definite ‘pause’ in tenant enquiries before they came back with a bang at the end of the quarter. Personally, I suspect this was due, in part at least, to Brexit causing uncertainty, meaning people put off moving and Brexit and Help to Buy taking some tenants out of the market. During this time, it became clear that better properties were still renting out easily but we were at times struggling to get less good ones away.”

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Flats to rent in West Lothian Houses to rent in West Lothian