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West Lothian

In West Lothian, 4 bed properties fell heavily however the 1, 2 & 3 bed markets all rose continuing a general upward trajectory for the majority of the market.

Market Overview - Q4 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	£490	4.5%	11.4%	15.3%	38	12	12%	48%
2 bed	£606	1.7%	8.2%	10.6%	43	13	8%	39%
3 bed	£755	4.6%	16.9%	16.2%	35	10	5%	64%
All	£665	-0.6%	10.1%	10.8%	39	11	8%	47%

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	112.9	114.7	114.7

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

“2017 ended positively with the introduction of the better than expected Private Residential Tenancy. Even-handed judgements from the new tribunal will be key. Tenant demand continues at exceptional levels, with lets frequently agreed within 24 hours. Recent reports of renting in Scotland being considerably cheaper than purchasing suggests continuation of this trend. The big question for 2018 will be how rental property availability is affected by hostile landlord policies throughout the UK, as phased tax changes hit profits. In West Lothian the impact so far has been limited.”

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