Glasgow

Brian Gilmour

Brian Gilmour - Indigo Square

“The recent legislative changes to the lettings market have made no difference to the high level of rents being sought by landlords and we continue to report high demand whenever a property becomes available. The fears that there would be a mass exodus of landlords from the sector haven’t (as yet) taken place however many landlords are indicating that they will review their position at the end of the current tenancy. On that, the other unspoken change in the sector that is noticeable and having an impact upon rental values is that tenants are staying in properties for almost double the period of just five years ago. This reduced turnover of properties effectively reduces supply and is impacting rental availability.”

Market Overview - Q2 2024

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £882 6.1% 45.3% 76.4% 22 7 25% 75%
2 bed £1,195 3.8% 48.4% 79.7% 28 8 22% 64%
3 bed £1,787 5.8% 56.5% 89.9% 30 10 18% 62%
4 bed £2,693 4.9% 49.4% 106.4% 23 7 21% 77%
All £1,183 3.7% 48.1% 80.3% 26 8 22% 68%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
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 125.2 126.8 129.3 128.6
2017 130.5 133.2 131.9 130.9
2018 132.1 134.6 138.4 136.0
2019 136.2 140.9 141.6 141.4
2020 139.7 142.9 148.3 149.4
2021 147.8 155.6 163.7 172.0
2022 171.4 175.8 184.3 195.9
2023 194.9 201.2 213.1 207.9
2024 201.8 208.6    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.