Glasgow

Ross Macleod

Ross Macleod - Macleod Lettings

“Glasgow’s PRS remains highly constrained. Rental supply is limited following continued landlord withdrawals linked to rent controls, increased compliance costs and higher interest rates. Demand remains exceptionally strong, particularly in the City Centre and west end, driven by students, young professionals and in-migration. Rents are still rising, though at a slower pace, with competitive bidding common for well-presented 1 and 2 bed flats. Tenant affordability is increasingly stretched, leading to longer tenancies and reduced mobility. Uncertainty surrounding future Scottish housing legislation continues to suppress new investment and stock growth.”

Market Overview - Q4 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 £889 0.3% 38.0% 67.4% 19 1 27% 80%
2 bed £1,205 1.1% 36.0% 67.1% 25 0 16% 68%
3 bed £1,571 -0.6% 43.2% 61.3% 33 4 11% 53%
4 bed £2,137 8.6% 25.9% 70.1% 45 -5 10% 40%
All £1,164 0.6% 37.4% 66.0% 24 1 20% 70%

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 202.8 211.5 216.9 205.3

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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