Renfrewshire

Holly Campbell

Holly Campbell - Castle Residential

“In the current situation, we have noticed an increase in demand for rental properties in the Q4 of 2022, increased urgency for properties, as well as landlords keen to rent prior to the Christmas break. The current uncertainty around the cost of living issues has caused movement within the rental market, with tenants looking for more cost effective living standards and ways to reduce outgoings moving forward. With 2023 fast approaching, we are keen to encourage new landlords and development of portfolios, alongside the new legislations being introduced which may produce new challenges.”

Market Overview - Q4 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 £527 17.4% 32.4% 52.3% 13 1 45% 88%
2 bed £689 11.1% 38.1% 43.8% 14 1 37% 85%
3 bed £875 11.7% 28.9% 44.4% 17 -1 21% 84%
All £713 11.1% 35.6% 49.8% 14 1 38% 85%

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 99.8 104.0 100.0
2009 98.7 99.0 96.2 96.2
2010 104.6 96.6 101.9 100.0
2011 98.5 99.4 101.0 100.8
2012 101.0 101.5 101.5 99.8
2013 97.5 100.6 100.6 102.9
2014 100.6 98.1 103.8 104.0
2015 100.2 108.6 105.5 104.8
2016 107.5 107.5 106.1 108.2
2017 102.9 108.6 111.3 110.3
2018 107.1 110.9 110.7 109.2
2019 109.0 112.8 114.3 113.4
2020 115.3 109.9 117.6 120.8
2021 119.5 120.3 125.8 134.6
2022 130.8 132.7 137.7 149.5

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
PA1 7.10% 7.50% 7.00% 7.40% 7.3%
PA2 7.00% 6.70% 6.90% 6.40% 6.6%
PA3 9.60% 9.80% 8.90% 8.40% 8.4%
PA4 7.80% 7.90% 7.20% 7.70% 7.3%
PA5 9.10% 8.80% 8.70% 8.20% 7.8%
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.