The Glasgow rental market continues to operate at a sustained and fast pace with the average property to rent now above £800 for the first time at £803 per month and taking 27 days to let. Whilst this was 3 days slower than Q3 2018, it is less of a reduction compared to the capital and anecdotal feedback from agents has surfaced little systemic concern. As per Edinburgh, 1 bed properties rented fastest at 22 days, unchanged on last year. Overall 67% of properties are let within a month, identical to Edinburgh.
“One Stop Properties have just experienced our busiest quarter to-date (in over a decade). The Glasgow letting market is booming with property prices in certain hotspots across the city rising and TTL’s reducing. Lots of exceptionally high standard properties are available to rent at the moment and demand currently outweighs supply, with up to 4 tenants wanting the same property. The growth of new investor landlords in the buy to let market has also increased. However, we are seeing some landlords reluctantly selling their properties as a result of the new tax laws, bringing about a decline in good quality rental property availability.”
I am a Tenant Landlord
