Glasgow

Robin Moffett

Robin Moffett - Glasgow Property Letting

“We’re fast approaching the end of Q1 2026 and despite a slightly slower start than previous years, the market remains buoyant with demand still outpacing supply. Although increasing rents have stabilised further, the more popular areas are still seeing increasing rent but at a far reduced level especially within Glasgow city centre. Those tenants who are feeling the pinch are having to look at more outlying areas but the supply in these areas is just as depleted as elsewhere. As we see new legislation surrounding mould and dampness, agents and landlords will have to be on point with their processes to ensure compliance.”

Market Overview - Q1 2026

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 £902 4.2% 38.8% 65.2% 29 2 17% 63%
2 bed £1,167 -0.3% 35.9% 61.9% 35 -1 12% 54%
3 bed £1,525 -8.8% 28.8% 53.9% 43 3 9% 49%
4 bed £2,524 17.9% 61.0% 75.9% 51 2 0% 50%
All £1,155 0.4% 37.8% 62.7% 34 1 14% 57%

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
2026 203.7      

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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