South Lanarkshire

Market Overview - Q3 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 £392 -0.8% 2.6% -4.4% 36 -8 13% 51%
2 bed £522 0.4% 9.2% 2.0% 33 -3 18% 56%
3 bed £716 5.1% 16.8% 17.8% 30 -1 23% 61%
4 bed £1,075 1.7% 21.9% 5.6% 36 11 14% 50%
Total £584 1.9% 10.6% 6.2% 33 -3 17% 55%

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 107.0 110.7 107.6  

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%
David Kendall

David Kendall - Lets Make Homes

“All well-presented houses continue to attract good quality tenants. Larger family homes have become increasingly sought after but are in very low supply, leading to an inevitable increase in prices and often competition among prospective tenants. The improved sales market is tempting some landlords to sell, whilst those committed for the long term are beginning to see some increase in the value of their portfolio. Prospective landlords and portfolio landlords are constrained by complex underwriting requirements from lenders so it has become increasingly difficult to do a ‘quick’ deal putting cash buyers at a real advantage.”

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