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Edinburgh

Edinburgh, having returned to positive annual growth last quarter, seemed impatient to erase the recent past posting a significant 9.8% YOY growth pushing the average property to rent in Edinburgh to a new all time high (ATH) of £1191. Once again and consistent with other major conurbations, larger properties posted the largest growth and overall the city average TTL reduced profoundly by 22 days to average just 11 days.

Market Overview - Q4 2021

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	£813	4.9%	17.1%	46.5%	10	-21	59%	93%
2 bed	£1,111	9.8%	20.6%	56.3%	11	-22	50%	93%
3 bed	£1,531	10.5%	20.7%	49.4%	15	-19	40%	89%
4 bed	£2,142	17.8%	25.8%	50.2%	15	-28	35%	88%
All	£1,191	9.8%	21.0%	52.9%	11	-22	52%	92%

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	152.5	145.2
2021	142.3	149.3	154.9	159.4

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%

Callum MacGregor - Braemore

“As we head towards the end of the year, it’s no surprise to see tenant demand extremely high with many tenants missing out on their dream property due to a severe lack of stock as this has been the case for most of 2021. Despite a decent number of investors coming to market, we are still craving new landlords to meet this huge demand from potential tenants. Rents are up and the standard of tenant is superb so it’s easy to see why investors still see Edinburgh as such a strong market.”

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Flats to rent in Edinburgh Houses to rent in Edinburgh