Property to rent in Glasgow posted a sharp uptick in Q3 2018 from its long established low rate of growth. Average rents rose a substantial 4.9% over the year to average £785 per month, widening the gap with Aberdeen materially and cementing its position as Scotland’s second priciest rental city. As per Edinburgh, large 4 bed properties posted the strongest growth from both the one and ten year view, up 17.1% and 46.7% respectively. The market continues to move at approximately the same speed as last year at 24 days. Again as per Edinburgh, 1 bed properties let fastest at 22 days with a significant 31% let within a week and 74% within 1 month.
“The last quarter has seen continued growth in rents across the city, with particular demand for quality 1 & 2 bedroom properties. On average there are 3 – 4 tenants for each property listed so this is a positive sign for investors looking to enter the Glasgow market. The impending Scottish Government Letting Agent Registration will have a further impact on the market and landlords should be fully aware of their agent’s complicity in this to avoid any potential pitfalls or disaster.”
I am a Tenant Landlord
