On current trend, Glasgow will overtake Aberdeen next quarter with just £28 per month separating them at present. Average rents in Glasgow are now at £740 per month representing an all time high for the city and growth of 4.2% over the last year. TTLs for the city are broadly the same as Q1 2016 averaging 30 days for the city as a whole.
“Q1 of 2017 has seen Glasgow’s buoyant rental market off to a flying start. High demand for quality rental homes across the city has seen increased competition from tenant applicants and a number of rental ‘closing dates’ set within Clyde offices where tenant interest for some properties has reached new heights. Areas such as Glasgow’s vibrant West End are seeing record rental and sales values achieved so far in 2017 with Shawlands also riding the crest of this wave of strong market activity. More encouragingly, new landlords are still entering the market in strong numbers as property remains a sound investment, if made in the right location.”
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