South Lanarkshire

Lorraine Robb

Lorraine Robb - The Property Store

“As landlords continue to exit the market at alarming rates, this has been accompanied by a steady rise in rent levels. As an ever-increasing number of potential tenants look to rent a decreasing number of rented properties, the basic economic principal of supply and demand will continue to increase rent levels in coming months. Whilst the Scottish Government continue to pursue an anti-landlord agenda, I see no prospect of this changing.”

Market Overview - Q1 2023

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 £484 3.4% 18.9% 32.2% 19 5 41% 81%
2 bed £693 7.6% 33.0% 45.0% 23 2 27% 76%
3 bed £938 11.5% 38.6% 57.9% 19 5 6% 83%
All £757 6.3% 30.3% 46.7% 22 4 27% 77%

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 115.1 120.3 124.7 121.5
2022 131.1 131.7 126.3 134.1
2023 139.4      

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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