Show Research MenuHide Research Menu

Glasgow

On the other side of the central belt, the Glasgow market is also powering ahead with average rents up 7.2% on the year to stand at £733 per month. 70% of Glasgow properties are now let within a month. The Glasgow rental market is now on a similar trajectory to Edinburgh with Q3 2016 figures recording its steepest annual rise in 10 years of Citylets reporting.

Market Overview - Q3 2016

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	£558	8.6%	16.7%	20.3%	20	-2	35%	74%
2 bed	£754	6.2%	21.6%	22.8%	24	0	26%	69%
3 bed	£1,010	8.4%	18.8%	20.1%	31	1	16%	60%
4 bed	£1,428	4.2%	12.0%	21.9%	26	-15	14%	64%
All	£733	7.2%	18.6%	21.2%	23	-1	28%	70%

Average Rent (pcm) by Number of Bedrooms

Save as Image

Average Time To Let (TTL) by Number of Bedrooms

Save as Image

Rental Index (base Q1 2008)

Year	Q1	Q2	Q3	Q4
2008	100.0	102.6	104.6	101.8
2009	102.3	101.4	103.0	100.7
2010	104.2	104.1	103.9	103.7
2011	102.3	106.0	106.7	105.6
2012	105.1	107.4	108.5	107.9
2013	108.1	109.0	109.0	108.5
2014	110.8	115.7	118.0	118.7
2015	119.8	120.8	120.6	123.6
2016	125.2	126.8	129.3

Market Composition

Save as Image

Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
G1	5.70%	4.90%	6.00%	5.80%	6.2%
G2	6.70%	7.00%	6.60%	5.90%	6.6%
G3	5.40%	5.30%	5.30%	5.30%	5.0%
G4	6.60%	5.30%	6.00%	5.90%	6.0%
G5	6.70%	6.40%	6.70%	6.40%	6.7%
G11	5.30%	5.00%	5.20%	5.20%	5.3%
G12	4.70%	4.40%	4.80%	4.20%	4.5%

David Rowand - Cairn Letting & Estate Agency

“The media paints a doom and gloom picture of the property market post Brexit, however, we have seen no signs of slowing, if anything at Cairn we have seen an increase in sales and lettings. There is a certain buzz about the West End, the new building of Glasgow University and the improvement of Argyll Street quarters. HMO investment as ever is in popular demand as second year students tire of living in large purpose built student accommodation.”

Download Full Report

Flats to rent in Glasgow Houses to rent in Glasgow