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West Lothian

Rents in West Lothian rose consistently in the 4-5% range throughout 2018 with the final quarter posting 5.1% YOY to £699 in a quickening market where properties let on average 13 days faster than Q4 2017.

Market Overview - Q4 2018

Beds	Average 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	£488	-0.4%	10.2%	18.7%	26	-12	25%	64%
2 bed	£613	1.2%	12.9%	12.3%	25	-18	22%	71%
3 bed	£732	-3.0%	18.6%	14.7%	30	-5	24%	63%
4 bed	£1,102	34.2%	24.4%	36.0%	32	9	0%	50%
Total	£699	5.1%	15.5%	19.1%	26	-13	22%	67%

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
2018	118.3	117.6	120.0	120.5

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%

Robert Young - The Key Place

“Perception is not always reality. The perception at the end of 2018 was that rental demand in the Falkirk and West Lothian Council areas was a bit weaker due to a combination of Brexit (non-UK nationals leaving Britain), increased number of first-time buyers and Christmas parties (meaning less people moving). However, the reality was that at the end of 2018/start of 2019, The Key Place had the lowest level of properties to rent in central Scotland ever… good news for landlords but not such good news for tenants looking for new rental properties as a result of festive period break-ups.”

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