West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“After a challenging Q2, we have found the rental market has bounced back stronger than pre-lockdown levels and almost all our stock over lockdown had applications accepted within days of restrictions being eased. I believe this proves the strength and demand of the rental market in West Lothian as new tenants also consider this area as an affordable alternative to Edinburgh with easier access to outdoor space. Rental prices have held strong and even increased in certain areas. As little as 3% of our managed portfolio are currently experiencing rent arrears as a direct consequence of lockdown and support is being provided to tenants where necessary.”

Market Overview - Q3 2020

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 £516 4.5% 13.7% 16.2% 20 -5 42% 79%
2 bed £626 0.0% 10.8% 18.8% 28 -1 29% 63%
3 bed £781 0.1% 14.0% 26.0% 30 1 28% 52%
All £720 1.3% 15.0% 23.9% 27 -2 30% 63%

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 118.3 117.6 120.0 120.5
2019 122.4 115.0 122.6 124.0
2020 122.8 112.1 124.1  

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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