South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“The rental market continues to go from strength to strength, with huge demand and multiple quality applicants for most properties, leading to strong prices. On the one hand, everything looks great but many forward-thinking landlords and letting agents also have an eye on the Scottish Government’s ‘New deal for Tenants’ which proposes more regulation and rent controls, likely to push landlords out of the market and further reduce supply at the exact time when the reverse is needed. MSPs need to give serious balanced thought to this proposed legislation, which if enacted will have the unintended consequence of reducing choice and pushing rental prices up further.”

Market Overview - Q1 2022

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 £468 9.3% 19.4% 26.5% 14 -3 44% 86%
2 bed £644 9.0% 24.3% 30.1% 21 3 29% 67%
3 bed £841 21.0% 21.5% 36.7% 14 -5 45% 90%
All £712 13.9% 23.4% 30.4% 18 0 36% 75%

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 109.4 111.0 112.3 112.5
2020 111.0 108.1 115.5 119.7
2021 115.1 117.3 124.7 121.5
2022 131.1      

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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