Renfrewshire

Jacqueline McLelland

Jacqueline McLelland - Castle Residential

“Renfrewshire remains extremely buoyant in Q4. Demand is strong for all types of properties, surprisingly with no strong favourite, and more rural locations seem to be in extremely high demand which in years past wasn’t the case. There appears to be no preference for furnished or unfurnished properties, as both types are moving extremely quickly, reflecting a high demand in the market. Elevated borrowing costs may shape affordability and rental trends as the year progresses and time will tell in December if this will have any reflection upon the market.”

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 £624 5.6% 45.1% 68.2% 14 1 29% 90%
2 bed £835 1.1% 48.6% 74.0% 24 5 13% 72%
3 bed £1,142 6.5% 54.7% 70.7% 43 21 0% 40%
All £864 4.5% 50.0% 72.8% 23 5 17% 74%

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
2021 119.5 120.3 125.8 134.6
2022 130.8 132.7 137.7 149.5
2023 153.2 156.2 164.2 167.3
2024 173.4 170.6 171.9 173.4
2025 173.4 171.3 182.2 181.1

Market Composition

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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