West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“A busy and buoyant Q2 means that Time to Let remains very low as enquiries and applications continue to reach record levels. The current demand and low stock available means that rent is continuing to rise throughout the area, proving beneficial to landlords. Whilst new instructions are on the rise, there is still a substantial gap between demand and available stock. There appears to have been a decrease in the number of tenants looking to leave their property towards the end of Q2 that we would typically see, which is subsequently having a knock-on effect on available property levels.”

Market Overview - Q2 2022

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 £568 1.1% 20.6% 27.9% 8 -7 57% 93%
2 bed £695 7.1% 16.4% 29.9% 12 -8 45% 93%
3 bed £856 9.2% 22.1% 35.7% 18 1 18% 82%
All £757 2.9% 15.6% 27.0% 12 -6 40% 91%

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 128.3 126.9 136.0 132.6
2022 138.4 130.5    

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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