South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“Demand for larger properties, particularly 3 and 4 bedroom houses, continues to outstrip supply leading to increased rents. Other types of property remain steady, with those in pristine condition being snapped up quickly. Increasing numbers of viewers are citing ‘their landlord is selling’ as a reason for their move. If this trend continues, against a back drop of more stringent regulations for buy to let finance and tax changes coming into force, then it is likely that supply will decrease among all types of property, leading to greater competition for the best homes to let and therefore higher asking prices.”

Market Overview - Q2 2018

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 £406 -2.2% 8.3% 7.7% 34 -3 14% 48%
2 bed £533 -1.3% 13.4% 5.8% 32 -5 16% 54%
3 bed £682 3.2% 12.7% 11.4% 28 -2 17% 61%
4 bed £1,159 14.0% 28.3% 20.7% 33 -5 25% 56%
Total £600 3.8% 14.7% 11.3% 31 -5 17% 54%

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 99.3 101.3 102.4
2009 103.3 96.7 95.6 103.3
2010 104.1 99.4 99.8 104.8
2011 96.3 99.4 100.4 97.2
2012 100.6 99.3 102.9 97.8
2013 95.0 96.3 97.2 97.6
2014 95.9 103.1 104.1 95.6
2015 101.8 104.1 102.4 104.1
2016 101.1 105.3 108.3 105.3
2017 106.3 106.4 105.5 109.2
2018 107.0 110.5    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
G71 5.40% 5.50% 5.90% 4.90% 6.1%
G72 8.30% 7.50% 7.50% 7.40% 8.2%
G73 7.00% 6.60% 6.80% 6.60% 6.5%
G74 6.80% 7.00% 6.60% 6.70% 6.6%
G75 8.90% 8.80% 8.70% 7.90% 8.0%
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