West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“The West Lothian rental market continued in the same fast paced fashion as it ended in Q1 with demand still far exceeding low stock levels. Landlords appear more relaxed and confident to re-market the property to rent when current tenants are serving notice. This is compared to the instinctive decision to sell that was a common feature mid-late 2020 during continued uncertainty due to the pandemic as well as a buoyant sales market. Demand in rental properties is driving rental prices to record level within popular areas of West Lothian, meaning higher yield returns could prove popular for potential investment landlords.”

Market Overview - Q2 2021

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 £562 8.9% 20.1% 29.2% 15 -23 25% 92%
2 bed £649 5.0% 12.1% 22.7% 20 -15 30% 83%
3 bed £784 3.4% 8.7% 19.5% 17 -22 35% 81%
All £736 13.2% 12.9% 21.1% 18 -20 31% 85%

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 124.0 112.1 124.1 129.3
2021 128.3 126.9    

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%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.