West Lothian

TTLs in commuter belt areas continue to fall, most notably in West Lothian where the average TTL just breaks double digits at 12 days. 1 bed properties in the region let in 9 days, however larger properties still command the largest increase in rent.

Market Overview - Q3 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 £540 4.7% 15.4% 23.0% 9 -11 47% 94%
2 bed £667 6.5% 14.2% 26.6% 13 -15 42% 90%
3 bed £861 10.2% 25.1% 38.4% 12 -18 50% 82%
All £789 9.6% 20.1% 35.3% 12 -15 45% 88%

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 128.3 126.9 136.0  

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%
Callum McQueenie

Callum McQueenie - Mavor & Company

“Rental property demand continues to surge in West Lothian with available stock remaining low and properties being let in a matter of days. On a positive note, investment landlords are now appearing to be active in the market to add to their current portfolios. The prospect of high rental returns and minimum Time To Let turnarounds, appear to be attractive factors to new and existing landlords. Demand is also pushing rental prices up with tenants still appearing to be relocating to the area from city centres. West Lothian is continuing to prove to be a strong area for the rental market.”

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