West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“Q4 has seen the expected flurry of activity with demand from tenants and applicants to move before the start of the festive period. Sitting tenants appear to be less likely to move due to lack of renting and buying options, adding further pressure to an already strained stock of available housing, which is likely to carry into 2024. There is an urgent need for the Scottish Government to encourage landlords into the PRS to address the housing crisis being experienced throughout the country and alleviate pressure on local authorities. More clarity is needed on what restrictions are likely, beyond the current COLA Legislation.”

Market Overview - Q4 2023

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 £646 9.3% 32.4% 45.8% 11 -11 43% 100%
2 bed £828 13.3% 35.1% 52.5% 14 -3 28% 93%
3 bed £1,079 13.1% 47.4% 74.9% 17 -2 19% 90%
All£92210.0%31.9%52.4%18025%87%
Showing 1 to 3 of 3 entries

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

Market Composition

Yield by Popular Postcode (Flats):

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