Rents in Glasgow had recorded a notable rise of 4.9% in Q3 2018, a jump from its long held sanguine growth rate of between 1% and 2%. This trend continued in Q4 2018 with average rents in Glasgow up 3.9% YOY to £771, the same as the national average. Larger 3 and 4 bed properties led the rises from both the one and ten year view. TTLs remain almost unchanged on Q4 2017 for the city at 25 days on average with 1 bed properties continuing to rent fastest at just 20 days on average. With Aberdeen continuing to fall, the gap between the two cities continues to widen at £56 per month on average.
“2018 has been the most definitive year in the Scottish lettings industry for many years, with the introduction of the Register of Letting Agents and the Code of Practice. This has culminated in the lettings industry becoming much more respected and professional. At GPL we have had an exceptional year, with growth and expansion opportunities presenting themselves. Having just had our busiest December on record, we are waiting in anticipation as to what 2019 will bring and are looking forward to the many challenges that will arise.”
I am a Tenant Landlord
