Renfrewshire

Jacqueline McLelland

Jacqueline McLelland - Castle Residential

“Q2 of 2026 has seen a continuation of the rental market in high demand in Paisley and the surroundings. Demand for smaller properties is high, driven by single persons, students and young professionals for commuting. Central locations, and accessibility are key indicators ensuring smaller properties let quickly. As we move through 2026, and into the warmer months of the year, we expect to see increased demand for 1 and 2 bed properties, while larger properties maintain the demand, potentially impacted by the lower stock levels we have seen across the area.”

Market Overview - Q2 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 £620 -1.0% 43.9% 63.2% 16 -3 24% 88%
2 bed £829 4.0% 46.5% 63.2% 26 3 6% 73%
3 bed £1,129 9.5% 66.0% 81.8% 33 -3 8% 69%
All £858 5.0% 49.5% 67.3% 24 0 12% 76%

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
2026 163.9 179.9    

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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