South Lanarkshire

David Kendall

David Kendall - Let’s Make Homes

“The first few months of 2019 have proved extremely buoyant for the rental market in South Lanarkshire. Well-presented properties in the best locations are snapped up in a matter of days, often with multiple interested parties. Houses are in short supply, so it has been possible to increase prices and still let quickly. Numerous prospective tenants have given their reason for a move as ‘my landlord is selling’, if this trend continues then yields will remain strong for those investors prepared to accept the increasingly punitive taxation regime.”

Market Overview - Q1 2019

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 -0.2% 11.2% 1.2% 37 -5 13% 48%
2 bed £558 7.1% 16.3% 7.5% 34 -6 18% 53%
3 bed £697 3.0% 12.6% 13.3% 37 6 17% 54%
4 bed £965 -11.1% 15.6% 3.7% 25 -30 22% 67%
Total £594 2.2% 14.0% 5.9% 35 -5 17% 52%

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
2019 109.4      

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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