South Lanarkshire

David Kendall

David Kendall - Let's Make Homes

“Summer 2016 has seen exceptional demand for all types of good quality properties throughout South & North Lanarkshire, with houses particularly sought after. The supply of new properties has dipped slightly due to imposition of 3% LBTT and the eventual change to taxation on finance interest on the horizon. These factors, along with an already strong demand, have strengthened prices. Investors entering the market, or expanding their portfolios, are factoring in these costs, so with proper research are still able to achieve yields in excess of 7% including LBTT and refurb.”

Market Overview - Q3 2016

BedsAverage
Rent
Rent Change
1yr
Rent Change
3yrs
Rent Change
5yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £387 1.3% 1.3% 3.8% 38 -4 19% 54%
2 bed £517 6.4% 8.2% 3.4% 37 -3 10% 39%
3 bed £681 6.2% 11.1% 10.2% 30 2 16% 62%
All £588 5.8% 11.4% 7.9% 36 -3 14% 48%

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 99.3 101.3 102.4
2009 103.3 96.7 95.6 103.3
2010 104.1 99.4 99.8 104.8
2011 96.3 99.4 100.4 97.2
2012 100.6 99.3 102.9 97.8
2013 95.0 96.3 97.2 97.6
2014 95.9 103.1 104.1 95.6
2015 101.8 104.1 102.4 104.1
2016 101.1 105.3 108.3  

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
G71 5.40% 5.50% 5.90% 4.90% 6.1%
G72 8.30% 7.50% 7.50% 7.40% 8.2%
G73 7.00% 6.60% 6.80% 6.60% 6.5%
G74 6.80% 7.00% 6.60% 6.70% 6.6%
G75 8.90% 8.80% 8.70% 7.90% 8.0%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.