Edinburgh

Mike Erskine

Mike Erskine - Cox & Co

“Like last year, tenant change overs have continued to be higher than usual after the festive period and into Q1 2026. TTLs crept up a little, but with the arrival of March uptake has been much more significant and available stock levels are reducing. As always, demand remains high for quality mid-market properties with 1 and 2 beds. Rents remain significant across the board but care has been taken to get a balanced value to be competitive for tenant uptake. There remains a small and steady number of landlord clients exiting, but that is allowing opportunity for new clients entering the market.”

Market Overview - Q1 2026

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 £1,057 0.2% 39.4% 55.9% 27 3 14% 63%
2 bed £1,411 0.6% 43.1% 62.2% 34 -1 11% 52%
3 bed £1,930 -0.3% 40.3% 53.9% 39 -6 8% 47%
4 bed £2,517 -2.7% 44.7% 39.8% 47 -1 10% 42%
All £1,506 0.0% 41.7% 54.9% 33 0 12% 55%

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 201.6 211.5 213.8 202.0
2026 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%
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