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Edinburgh

Ken Bell - 1LET

“The first half of Q2 had us dealing with tenants handing in notices to leave properties and also rent assistance requests. Around 10% of our managed portfolio asked for some sort of assistance and on the letting side, enquiries drastically reduced. The second half of the quarter saw the market begin to pick-up with an increasing number of enquiries, but with so many properties available, we have seen the market swing from landlord favoured to one where tenants are able to pick and choose properties. Rents in some areas have been negatively affected, but in traditionally very popular areas rents are holding firm.”

Market Overview - Q2 2020

Beds	Average 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	£783	-0.3%	24.1%	50.6%	34	9	11%	54%
2 bed	£1,021	-0.3%	20.1%	50.1%	38	7	13%	47%
3 bed	£1,444	-2.6%	19.6%	46.6%	36	6	15%	49%
4 bed	£2,064	-2.4%	24.8%	49.9%	32	6	19%	50%
All	£1,122	-0.9%	21.6%	48.6%	35	7	13%	50%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2008)

Year	Q1	Q2	Q3	Q4
2008	100.0	100.1	102.0	102.3
2009	99.2	96.9	97.6	98.3
2010	99.1	101.1	100.7	103.2
2011	102.5	102.9	104.8	104.3
2012	105.5	105.9	106.2	109.6
2013	109.4	109.5	109.8	110.0
2014	113.5	115.1	117.3	120.5
2015	122.1	123.6	126.1	127.2
2016	130.1	132.0	135.6	131.7
2017	136.9	138.8	140.3	136.0
2018	142.2	145.5	148.3	146.6
2019	149.3	151.5	153.7	151.4
2020	152.9	150.2

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
EH3	4.00%	3.70%	3.90%	3.60%	3.8%
EH7	5.60%	5.00%	5.50%	5.00%	5.1%
EH8	7.00%	7.00%	6.30%	6.60%	6.4%
EH9	4.80%	4.80%	5.10%	4.70%	4.8%
EH10	4.20%	4.10%	4.20%	3.80%	3.9%
EH11	5.80%	5.80%	5.80%	5.60%	5.3%
EH12	4.70%	4.90%	4.90%	4.70%	4.6%

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Flats to rent in Edinburgh Houses to rent in Edinburgh