Category: Glasgow Property News

New Heights In Central Belt Power Scottish PRS To Positive Growth

The Scottish PRS reached a new record high in Q2 2017 with average rents up 1.5% year on year (YOY) to £789 on average. Growth was materially underpinned by continued strong uplift in the key conurbations of Edinburgh (5.2%) and Glasgow (5%), where markets have reached respective all time highs, and with reduced drag from …

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Top Notch Student Accommodation in Glasgow’s West End

Halls of Residence have come a very long way from their old reputations as noisy, crowded student accommodation with little privacy and frequent late night parties. Developers have recognised the need for creating state of the art communities with vibrant and fun living spaces where students not only can study but can live and socialise. …

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Zero Sum Game – Citylets Market Report Q1 2017

The Scottish PRS continues to prove very robust to geopolitical change as it plots a predictable path in Q1 2017. Competing forces from the central belt and Aberdeen result in a (near) zero sum game at just 0.1% YOY national growth. Rents in Aberdeen have indeed fallen to national average, as suggested in our last report, …

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Glasgow Rental Market up 20% in 5 years

The Glasgow rental market has been rising steadily over the last 10 quarters with average rents now standing at £719 per month as at Q2 2016, up 5.0% from a year ago. Positive annual growth has been recorded in Scotland’s largest city quarterly since Q4 2013 as rents continue to track the national average at …

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Mid Market Rent Homes To Be Built in Ibrox

Plans to build 152 homes in the Ibrox area of Glasgow have been approved by Glasgow City Council’s planning committee. Glasgow Housing Association (GHA), whose former tenements on the site were demolished and laid empty for the last decade, has now been given the green light to build a new development that will consist of …

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Glasgow Private Rents Maintain Steady Rise

Residential prices for property and flats to rent in Glasgow continue their steady upward climb to £710 per month, up 4.6% on the year with 61% of residential properties letting within one month, according to our latest Quarterly Report. It was one-bed properties that rose the fastest with an 8.8% annual growth, taking just 26 …

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