Edinburgh

Property to rent in Edinburgh rose on average by 1.6% ending its run of rental retraction over the 5 previous quarters to now emerge at a new all time high. The market for 1 and 2 beds still remain in modestly negative territory YOY, however it seems likely that the oversupply from the short term holiday market has now been absorbed by demand which may begin to exceed supply sending rents higher again in future quarters. The average property in Edinburgh lets for £1157 per month and takes 30 days to let, down 16 on last year.

Market Overview - Q3 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 £799 -0.6% 12.9% 46.9% 24 -14 37% 70%
2 bed £1,041 -0.1% 10.6% 44.6% 26 -19 30% 66%
3 bed £1,544 5.8% 18.1% 53.2% 40 -16 20% 49%
4 bed £2,106 3.6% 20.3% 49.2% 44 -14 19% 41%
All £1,157 1.6% 14.2% 47.8% 30 -16 29% 62%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 100.1 102.0 102.3
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 152.9 150.2 152.5 145.2
2021 142.3 149.3 154.9  

Market Composition

Yield by Popular Postcode (Flats):

Postcode20162017201820192020
EH3 4.10% 4.00% 3.70% 3.90% 3.60%
EH7 5.60% 5.60% 5.00% 5.50% 5.00%
EH8 7.20% 7.00% 7.00% 6.30% 6.60%
EH9 5.10% 4.80% 4.80% 5.10% 4.70%
EH10 4.30% 4.20% 4.10% 4.20% 3.80%
EH11 6.10% 5.80% 5.80% 5.80% 5.60%
EH12 5.40% 4.70% 4.90% 4.90% 4.70%
Charlie Inness

Charlie Inness - Glenham Property

“The pandemic initially created an oversupply of stock in Edinburgh in some locations, which in turn led to deflationary pressure on rents as the market adjusted. This oversupply is now filtering out and the market looks to be stabilising. As restrictions are eased and the world returns to what we are told is the “new normal”, we have seen a spike in activity both in the student and professional sectors, with good quality properties letting fast. Our expectation is the downward pressure on rents we saw last year and in the first half of this year has now ended. We expect TTL figures to drop and rents to recover, as long as there is not a return to restrictions in the winter.”

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.