West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“After an expected slow start to 2021 with Scotland placed into a new lockdown, Q1 has ended strongly with Lets Agreed within a matter of days – sometimes hours – for our available stock. With some form of restrictions likely to be in place until early summer there remains a strong demand for 3 bed properties or properties with garden space. Rental prices are increasing across West Lothian with demand exceeding current supply and stock. West Lothian still appears to be popular with tenants moving from city centres where tenants can expect more room and space for their money.”

Market Overview - Q1 2021

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 £530 -1.3% 13.7% 23.0% 22 -7 38% 75%
2 bed £654 3.8% 16.0% 24.3% 15 -20 44% 84%
3 bed £757 4.3% 9.4% 21.3% 17 -16 30% 74%
All £744 3.5% 19.4% 27.4% 17 -17 39% 81%

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 113.1 112.9 114.7 114.7
2018 118.3 117.6 120.0 120.5
2019 122.4 115.0 122.6 124.0
2020 124.0 112.1 124.1 129.3
2021 128.3      

Market Composition

Yield by Popular Postcode (Flats):

Postcode20162017201820192020
EH48 6.80% 7.50% 7.20% 7.20% 7.00%
EH49 5.10% 5.10% 5.30% 5.10% 5.20%
EH54 6.90% 7.00% 6.80% 7.10% 6.70%
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