West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“After a typically slow start to Q1, the latter stages of the quarter have mirrored the levels of demand as seen in 2021. With unprecedented levels of enquiries for all properties, this still proves the substantial gap between current available stock and demand. Most, if not all properties, are having numerous applications after only one day of viewings, meaning TTL continues to remain low. New instructions are now on the rise showing confidence returning to the PRS and a stabilising sales market benefitting investment landlords.”

Market Overview - Q1 2022

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 £582 9.8% 23.0% 33.8% 10 -12 33% 100%
2 bed £669 2.3% 13.8% 28.2% 14 -1 43% 89%
3 bed £907 19.8% 24.8% 45.1% 13 -4 42% 89%
All £803 7.9% 22.4% 41.1% 14 -3 42% 90%

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 128.3 126.9 136.0 132.6
2022 138.4      

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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