West Lothian

Brian Callaghan

Brian Callaghan - Letting Solutions

“West Lothian’s market reflects the patchwork of opportunities and challenges faced by the modern landlord. Rental yields remain solid, and exceptional demand for rental property continues. Our landlords, like others, can take heart from more people than ever renting homes, with demand UK wide set to soar. Encouragingly we find no sign of landlords taking fright at the challenges the industry faces. They are however looking for our advice on the options open to them in these topsy-turvy times. This is where reliable agents should come into their own as landlords look at the options open to them.”

Market Overview - Q3 2017

BedsAverage
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 £486 3.8% 7.8% 11.5% 34 6 6% 47%
2 bed £596 2.1% 9.4% 11.0% 43 10 10% 43%
3 bed £724 5.2% 13.3% 14.7% 33 2 14% 58%
All £665 1.2% 9.0% 11.0% 39 7 10% 47%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 101.4 104.8 101.2
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 113.1 112.9 114.7  

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
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