In the Glasgow rental market, trends were observed almost identical to those in Edinburgh. The market rose a significant 4.7% YOY to an all time monthly high of £799, with rises increasing according to property size. The market overall slowed by 2 days to 29 days TTL with 1 bed properties renting fastest at 26 days, just one day quicker than 4 beds at 27 days. 62% of Glasgow rentals let within a month. The annual rise of 4.7% represents a continued notable uptick in annual growth first observed in Q3 2018.
“The last few months have shown that Quarter 2 is still one of the most buoyant times of year – with high demand driving the market forward. Our bread and butter stock of one and two bedroom apartments throughout the West End, City Centre & Southside have been performing well, with most of our properties renting at the first viewing. This offers our clients the chance to hand pick the best possible applicants, whilst still being able to decrease the vacant period between tenancies. The gentrification of areas such as Tradeston, with the new Barclays’ Bank, should see an influx of renters over the next year in Glasgow – helping to drive prices up.”
I am a Tenant Landlord
