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West Lothian

West Lothian again posted strong growth at 5.3% YOY to stand at £656 per month and now represents one of the most consistent risers in the country.

Market Overview - Q1 2017

Beds	Average Rent	Rent Change 1yr	Rent Change 3yrs	Rent Change 5yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£473	1.5%	7.0%	8.7%	44	4	19%	33%
2 bed	£588	4.3%	8.5%	12.6%	38	-2	12%	54%
3 bed	£727	5.1%	19.0%	16.3%	39	-1	13%	42%
4 bed	£942	7.7%	4.9%	16.4%	58	12	0%	30%
Total	£656	5.3%	9.5%	15.3%	43	3	13%	46%

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	101.4	104.8	101.2
2009	101.9	98.4	100.5	99.7
2010	100.9	100.2	100.2	100.3
2011	100.7	104.8	100.5	100.9
2012	98.1	102.8	103.3	103.4
2013	104.1	103.8	108.8	104.3
2014	103.3	103.6	105.2	104.1
2015	105.9	105.7	107.9	110.0
2016	107.4	112.4	113.3	115.3
2017	113.1

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
EH48	7.50%	7.20%	7.20%	7.00%	6.8%
EH49	5.10%	5.30%	5.10%	5.20%	4.8%
EH54	7.00%	6.80%	7.10%	6.70%	6.7%

Brian Callaghan - Letting Solutions

“Most landlords are maintaining their commitment to the rental market, despite an increasing sense of incredulity among them about the anti-industry policies pursued by governments both sides of the border. With tenant demand at extraordinary levels, landlords with good properties are seeing that as a result they have a wide pool of potential tenants to choose from, and can look forward to rental income which will be steady, consistent and on a rising curve. The very small minority of landlords leaving the market are mostly those reaching retirement age, or with single buy to lets where viability is an issue.”

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Flats to rent in West Lothian Houses to rent in West Lothian