Category: Glasgow Property News

Mixed Signals

Rents in Scotland’s private rented sector (PRS) continued to edge upwards in the first quarter of the year despite the political landscape which has impacted markets in other sectors. The average property to rent in Scotland rose 1.7% to stand at £793 per month. 1 and 2 bed properties charted a familiar course both recording …


Stricter Standards for HMO Properties in Glasgow

Following a review of houses of multiple occupancy (HMO) by Glasgow City Council’s Licensing and Regulatory Committee, stricter rules will come into effect to help reduce the impact that HMOs can have on local communities. Areas of concerns linked to HMOs A number of concerns associated with HMOs in Glasgow and in particular in the …


Glasgow Cherry-Picked for Legal & General’s First Build to Rent in Scotland

Major Build to Rent provider, Legal & General, are to deliver their first purpose built apartments for the Scottish Private Rented Sector. They will provide funds for Drum Property Group to construct two 18 storey towers, consisting of 324 flats within Glasgow’s new Buchanan Wharf waterside regeneration area, which will also include the new Northern …


Increasing Numbers of Families Calling Scotland’s PRS Home

Scotland’s private rented sector (PRS) continued to rise, up 5% year on year (YOY), according to the latest Citylets Rental Report Q4 2018. Strong demand for properties of all sizes in major cities underpinned growth, with larger 3 and 4 bed properties posting the steepest gains as an increasing number of families settle in the …


Glasgow Lion

The Scottish Private Rented Sector recorded another annual rise as at Q3 2018 with rents up 2.2% to stand at £789 per month on average. Continued demand for properties of all sizes pushed rents higher with 4 bed properties, as per previous two quarters of 2018, recording the steepest annual growth at 5.5%. The average …


Major Trends Continue as Scottish PRS Reaches New Highs

With most of Scotland’s large urban markets sitting at or near all time highs, it will be unsurprising to note that the average property to rent in Scotland recorded it’s highest figure to date in Q2 2018 at £799 per month. Scotland’s overall annual rate of growth, however, remains low at 1.3%. Larger properties, in …

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