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South Lanarkshire

Josh Wood - Clyde Property

“South Lanarkshire’s rental market in quarter two has seen continuous growth from both new and existing landlords. A buoyant sales market has had a significant effect on the rental market as it has allowed for the expeditious purchase of quality buy to let investments. It is also encouraging that Clyde Property have experienced high levels of tenant applications far outweighing the supply. In particular, we have encountered an increasing desire for two and three bedroom houses in the South Lanarkshire area. Clyde Property’s findings have shown that the rental market in South Lanarkshire continues to be vibrant and prosperous.”

Market Overview - Q2 2017

Beds	Average 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	£415	6.1%	12.5%	9.8%	37	4	12%	47%
2 bed	£540	5.3%	9.8%	10.4%	37	2	14%	46%
3 bed	£661	-0.8%	3.1%	7.0%	30	-2	21%	57%
4 bed	£1,017	-6.6%	-9.8%	13.1%	38	-2	20%	60%
Total	£578	1.0%	3.2%	7.2%	36	2	15%	49%

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)

Year	Q1	Q2	Q3	Q4
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	105.3
2017	106.3	106.4

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
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%

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Flats to rent in South Lanarkshire Houses to rent in South Lanarkshire