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 24% 74%
2 bed £1,195 3.8% 48.4% 79.7% 28 8 21% 63%
3 bed £1,787 5.8% 56.5% 89.9% 30 10 17% 61%
4 bed £2,693 4.9% 49.4% 106.4% 23 7 21% 74%
All£1,1833.7%48.1%80.3%26822%67%
Showing 1 to 4 of 4 entries

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

Market Composition

Yield by Popular Postcode (Flats):

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