South Lanarkshire

David Kendall

David Kendall - Let’s Make Homes

“2018 has concluded as a strong year for lettings in Lanarkshire with houses in short supply, but high demand. Compliance issues, higher taxes and mortgage availability for portfolio landlords continue to lessen investor’s appetite for growth. The extra 1% on the Additional Dwelling Supplement, taking it to 4%, will act as a further deterrent on new BTL purchases. However, for those prepared to weather the storm there are plenty of tenants who continue to choose the PRS as their sector and given the right property they will become excellent long-term customers.”

Market Overview - Q4 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 £407 -0.2% 9.4% 4.9% 32 3 31% 55%
2 bed £520 2.0% 8.1% 4.2% 33 -8 18% 57%
3 bed £684 2.9% 10.7% 11.0% 32 4 23% 59%
4 bed £959 -24.5% 3.6% -2.2% 35 -8 18% 45%
Total £577 -2.7% 8.9% 3.8% 33 -2 22% 56%

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 107.0 110.7 107.6 106.3

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%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.