Renfrewshire

Holly Campbell

Holly Campbell - Castle Residential

“It can be said that the year 2020 as a whole has challenged all aspects of life, including the rental market. With the changes globally, the issues we all faced did have an impact on interest in rental as well as density of properties on the market. The last quarter proved to be an anticipated conclusion to an uncertain year, where we have found new ways to promote, rent and manage properties. Most of us would agree that we are ready to get back to a less isolated way of working, as well as the freedom to complete viewings, rent tasks and maintenance management without PPE and restrictions.”

Market Overview - Q4 2020

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 £430 8.6% 15.9% 25.4% 18 -12 31% 80%
2 bed £562 7.7% 17.1% 19.6% 18 -13 36% 81%
3 bed £738 4.7% 10.3% 18.5% 15 -11 33% 93%
All £576 6.5% 15.2% 20.8% 18 -12 34% 82%

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 99.8 104.0 100.0
2009 98.7 99.0 96.2 96.2
2010 104.6 96.6 101.9 100.0
2011 98.5 99.4 101.0 100.8
2012 101.0 101.5 101.5 99.8
2013 97.5 100.6 100.6 102.9
2014 100.6 98.1 103.8 104.0
2015 100.2 108.6 105.5 104.8
2016 107.5 107.5 106.1 108.2
2017 102.9 108.6 111.3 110.3
2018 107.1 110.9 110.7 109.2
2019 109.0 112.8 114.3 113.4
2020 115.3 109.9 117.6 120.8

Market Composition

Yield by Popular Postcode (Flats):

Postcode20132014201520162017
PA1 8.0% 7.7% 6.5% 7.4% 7.1%
PA2 7.8% 7.4% 7.5% 7.1% 7.0%
PA3 9.6% 10.7% 10.7% 10.0% 9.6%
PA4 9.2% 7.8% 8.0% 7.8% 7.8%
PA5 10.2% 8.5% 9.5% 8.4% 9.1%
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