Glasgow

Wendy Gallagher

Wendy Gallagher - One Stop Properties

“The market has not been as frantic as in previous years, partly due to the reduction in available housing stock. The student market has changed somewhat this year. We found students came to the market as early as July just to ensure they secured accommodation for the academic year. We have taken on some new properties from new landlords, so property is still being seen as a sound investment, but on the flip side several long-standing landlords have decided to end their letting experience. Rents have stabilised but we have noticed a huge increase in the amount of 3-4 adult households looking to take 2 bedroom properties to split the cost of living.”

Market Overview - Q3 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 £923 5.0% 49.4% 81.0% 17 4 36% 80%
2 bed £1,219 -0.4% 48.1% 79.5% 22 6 30% 76%
3 bed £1,705 -5.5% 56.0% 75.6% 23 4 24% 71%
4 bed £2,557 -3.8% 53.6% 91.8% 35 4 14% 56%
All £1,202 -0.5% 49.7% 79.7% 21 5 31% 76%

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 201.8 208.6 212.0  

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%
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