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Renfrewshire

Ben Sweenie

Ben Sweenie - Castle Residential

“With the festive period closing in, we have seen that in quarter four the rental market has begun to slow down with most looking to be settled into their homes in the lead up to Christmas. The year has brought with it a host of uncertainties, but Paisley and the wider Renfrewshire area have ultimately proven to be desirable locations for both renters and buyers alike. Whilst the market may have slowed within the final quarter, it seems promising the trend of significant growth we have seen throughout 2021 will continue into the new year.”

Market Overview - Q4 2021

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 £449 4.4% 17.8% 22.7% 12 -6 52% 91%
2 bed £620 10.3% 20.9% 31.4% 13 -5 40% 90%
3 bed £783 6.1% 18.8% 23.9% 18 3 36% 86%
All £642 11.5% 24.4% 33.5% 13 -5 44% 90%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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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
2021 119.5 119.3 125.8 134.6

Market Composition

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Yield by Popular Postcode (Flats):

Postcode20172018201920202021
PA1 7.10% 7.50% 7.00% 7.40% 7.3%
PA2 7.00% 6.70% 6.90% 6.40% 6.6%
PA3 9.60% 9.80% 8.90% 8.40% 8.4%
PA4 7.80% 7.90% 7.20% 7.70% 7.3%
PA5 9.10% 8.80% 8.70% 8.20% 7.8%
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Flats to rent in Renfrewshire Houses to rent in Renfrewshire
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