Edinburgh

Harry Crombie

Harry Crombie - Burgh Property

“The lettings market is showing positive signs as we leave what has been a tricky few months behind us. 2024 saw a less than modest rental increase over the year, compared with what we have seen in recent years, with the average time to let picking up also. There has been more supply in recent months as tenants have found better buying opportunities away from renting. However, we are now seeing a dip in supply levels and more urgency from prospective tenants. Rent levels generally remain as strong as ever, though landlords must remember to continue investing in their assets to keep them at a high rentable standard.”

Market Overview - Q1 2025

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 £1,055 1.9% 33.0% 70.4% 24 6 18% 70%
2 bed £1,402 1.2% 34.8% 69.9% 35 4 10% 53%
3 bed £1,935 2.1% 32.1% 61.1% 45 5 11% 43%
4 bed £2,588 1.4% 23.5% 54.8% 48 0 8% 41%
All £1,506 1.7% 31.9% 65.1% 33 5 13% 58%

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 142.3 149.3 154.9 159.6
2022 162.5 171.8 177.6 183.4
2023 183.7 197.7 207.0 201.2
2024 198.3 210.7 213.9 200.9
2025 201.6      

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
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.