Glasgow

Colin Macmillan

Colin Macmillan - Glasgow Property Letting

“Q2 has been our busiest ever period with quality properties coming on the market and quickly being occupied with quality tenants. The market in general has been fairly buoyant with demand outstripping supply, especially in popular areas such as the west end, city centre and Southside. This has driven up rents in these areas, pushing lower-budget tenants to look further from the city centre. New bridges across the river are attracting tenants who previously overlooked these areas, now seriously considering them as accessibility improves. We’re awaiting the annual student rush, which will no doubt keep us busy next quarter.”

Market Overview - Q2 2025

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £880 -0.2% 41.5% 73.2% 24 2 25% 71%
2 bed £1,198 0.3% 45.4% 71.9% 29 1 15% 63%
3 bed £1,807 1.1% 56.6% 85.3% 27 -3 15% 70%
4 bed £2,756 2.3% 48.3% 98.7% 20 -3 15% 75%
All £1,198 1.3% 47.9% 74.9% 27 1 18% 67%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 102.6 104.6 101.8
2009 102.3 101.4 103.0 100.7
2010 104.2 104.1 103.9 103.7
2011 102.3 106.0 106.7 105.6
2012 105.1 107.4 108.5 107.9
2013 108.1 109.0 109.0 108.5
2014 110.8 115.7 118.0 118.7
2015 119.8 120.8 120.6 123.6
2016 125.2 126.8 129.3 128.6
2017 130.5 133.2 131.9 130.9
2018 132.1 134.6 138.4 136.0
2019 136.2 140.9 141.6 141.4
2020 139.7 142.9 148.3 149.4
2021 147.8 155.6 163.7 172.0
2022 171.4 175.8 184.3 195.9
2023 194.9 201.2 213.1 207.9
2024 201.8 208.6 212.0 204.1
2025 202.8 211.3    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
G1 5.70% 4.90% 6.00% 5.80% 6.2%
G2 6.70% 7.00% 6.60% 5.90% 6.6%
G3 5.40% 5.30% 5.30% 5.30% 5.0%
G4 6.60% 5.30% 6.00% 5.90% 6.0%
G5 6.70% 6.40% 6.70% 6.40% 6.7%
G11 5.30% 5.00% 5.20% 5.20% 5.3%
G12 4.70% 4.40% 4.80% 4.20% 4.5%
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