Show Research MenuHide Research Menu

Renfrewshire

Holly Campbell - Castle Residential

“Following on from Q1 of 2020, the market continued and is continuing to adapt to the current climate. Q2 has been challenging in various ways within lettings market, such as ensuring payments can be received on time and safely, maintenance carried out while maintaining safe distances and PPE and marketing properties in new ways while staying safe. The changes in guidelines in Scotland are encouraging further movement and as we move towards Q3, the rental market is gaining momentum. In this uncertain time, it has been essential to be innovative, patient and pro-active to assist tenants, landlords and contractors in staying safe and continuing to work together.”

Market Overview - Q2 2020

Beds	Average 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	£394	1.3%	5.9%	11.9%	60	23	9%	26%
2 bed	£539	2.5%	4.7%	19.5%	48	14	14%	45%
3 bed	£641	-3.0%	0.5%	8.3%	43	12	5%	48%
All	£524	-2.6%	1.2%	13.7%	52	17	11%	38%

Average Rent (pcm) by Number of Bedrooms

Save as Image

Average Time To Let (TTL) by Number of Bedrooms

Save as Image

Rental Index (base Q1 2008)

Year	Q1	Q2	Q3	Q4
2008	100.0	99.8	104.0	100.0
2009	98.7	99.0	96.2	96.2
2010	104.6	96.6	101.9	100.0
2011	98.5	99.4	101.0	100.8
2012	101.0	101.5	101.5	99.8
2013	97.5	100.6	100.6	102.9
2014	100.6	98.1	103.8	104.0
2015	100.2	108.6	105.5	104.8
2016	107.5	107.5	106.1	108.2
2017	102.9	108.6	111.3	110.3
2018	107.1	110.9	110.7	109.2
2019	109.0	112.8	114.3	113.4
2020	115.3	109.9

Market Composition

Save as Image

Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
PA1	7.10%	7.50%	7.00%	7.40%	7.3%
PA2	7.00%	6.70%	6.90%	6.40%	6.6%
PA3	9.60%	9.80%	8.90%	8.40%	8.4%
PA4	7.80%	7.90%	7.20%	7.70%	7.3%
PA5	9.10%	8.80%	8.70%	8.20%	7.8%

Download Full Report

Flats to rent in Renfrewshire Houses to rent in Renfrewshire