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Renfrewshire

Holly Campbell - Castle Residential

“In Q3, with the increase in the cost of living and the current economic and political changes, the demand for rental properties has remained and we have seen the highest prices since we started trading in 2005. The uncertainty of the current regulatory changes within the PRS has not decreased demand but it has altered the way properties are marketed. Looking forward, there is still a high demand for rental properties, and the market will continue to adapt within the parameters currently being set out, however, there is a concern of the effect on the availability of stock due to the changes in legislation being introduced.”

Market Overview - Q3 2022

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	£488	13.0%	24.8%	39.4%	14	-2	46%	85%
2 bed	£634	9.3%	24.6%	34.9%	14	-2	36%	89%
3 bed	£794	12.5%	19.0%	22.3%	15	-5	43%	78%
All	£657	9.5%	23.7%	35.7%	14	-3	41%	86%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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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	117.6	120.8
2021	119.5	120.3	125.8	134.6
2022	130.8	132.7	137.7

Market Composition

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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%

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Flats to rent in Renfrewshire Houses to rent in Renfrewshire