West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“A dwindling availability of properties means TTL continues to remain low and rents are rising as a result. Tenants residing in properties longer is a contributing factor in lower levels, coupled with long term landlords leaving the sector. Government announcements of eviction bans and a freeze on rent increases, along with the rising cost of living and interest rates, appears to be bringing uncertainty and concern amongst landlords. These are likely to deter potential new landlords into the sector in the short term, leaving a shortage of new instructions being available along with some existing landlords considering their options.”

Market Overview - Q3 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 £566 4.8% 16.5% 29.8% 14 5 31% 88%
2 bed £714 7.0% 19.8% 33.0% 14 1 34% 87%
3 bed £983 14.2% 35.8% 55.8% 13 1 37% 89%
All £851 7.9% 28.0% 42.1% 14 2 32% 88%

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 138.4 130.5 146.7  

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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