Having surpassed the Aberdeen average last quarter, the average rental in Glasgow continued to pull away in Q2 2018 at £763 per month, £23 above the granite city. Annual growth however remains low at just 1.1% which will be pleasing for tenants and continues a trend of low annual growth which is currently below inflation. The market continues to move at almost the same pace as last year at 27 days on average, 1 day quicker than Q2 2017. Notably, 1 bed properties posted the largest rise at 4.5% YOY and the fastest TTL at 25 days. Of all Scotland’s main cities, the market in Glasgow appears best balanced as between supply and demand and represents relative stability in the market.
“Q2 has seen a very busy time for Aberdein Considine with high levels of applicants for every property. There has been plenty of activity throughout the city especially for 2 bedroom properties and this, highlighted with the number of tenants outstripping supply, will no doubt be the main reason for the increase we have seen in monthly rents.”
I am a Tenant Landlord
