Glasgow rents continue their steep rise, now averaging over one thousand pounds per month for the first time, a new ATH at £1045, up 12.6% YOY but falling for the second quarter from the notable 16% annual rise recorded at Q1 2022. TTLs however are still very low at 13 days.
“Q3 has seen the PRS come through some turbulent times. It has been a frenzy of prospective tenants struggling to find accommodation in the city and once again, we find ourselves with no available stock. The properties are reserved on the 1st viewing which is great for landlords, however, difficult for the unsuccessful candidates. The bank of investors we previously had on our books are disappearing quicker that we have ever witnessed. The Scottish Government are not helping the housing crisis and instead of putting a freeze on rent increases and evictions, they should be focusing on helping the PRS. Without the private landlords the industry will have catastrophic consequences.”
I am a Tenant Landlord
