Renfrewshire

Holly Campbell

Holly Campbell - Castle Residential

“Following the last quarter, the momentum in available stock has continued to build with a well-maintained supply of interest. This is encouraging from a business point of view, creating a fast-paced environment previously seen before the pandemic. Conducting more in-person viewings, meetings and being able to look at properties more freely to improve the current stock, is all reflective of the economic and societal changes back to a “new normal”. This is allowing teams to utilise integrated working and getting back to a customer facing business mindset. Stock is moving as quickly as it appears within lettings, creating a buzz around the market itself.”

Market Overview - Q2 2022

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 £465 7.9% 20.2% 27.4% 13 -7 44% 88%
2 bed £615 8.7% 22.0% 29.7% 15 -4 38% 87%
3 bed £790 16.2% 17.4% 31.4% 20 -10 22% 81%
All £633 10.3% 22.2% 30.8% 15 -5 38% 87%

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 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 115.3 109.9 117.6 120.8
2021 119.5 120.3 125.8 134.6
2022 130.8 132.7    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
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