Demand for property to rent in Glasgow remained relatively high with rents continuing to move upwards once again at 5.8% YOY to £838 per month. In sharp contrast to Edinburgh, the largest gains were recorded for the largest properties.
“The rental market in Glasgow has remained positive in Q1 2021, with properties being reserved quickly, with multiple notes of interest received from suitable tenants for each property and at the sought after rental figure. The majority of our HMO students have remained in their current accommodation and continue to want to stay for the next academic year - looking to retain as much normality as possible despite lectures still being online. We are also seeing landlords invest money into their properties during any void periods ensuring their portfolio remains at a high quality.”
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