South Lanarkshire

David Kendall

David Kendall - Let’s Make Homes

“Strong demand continues to outstrip supply, throughout the summer, for well-presented rental properties, with houses particularly sought after by many tenants. A much improved sales market has tempted some landlords to sell, whilst new landlords and those expanding their portfolios are finding the increased Additional Dwelling Supplement and higher asking prices make it ever more challenging to find properties which will produce healthy yields. As a result prices are edging up on the rental market, especially for houses. Significant competition amongst tenants is likely for prime rental properties during the autumn period.”

Market Overview - Q2 2019

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 £406 0.0% 10.0% 7.4% 35 1 13% 49%
2 bed £537 0.8% 9.1% 11.6% 30 -2 19% 59%
3 bed £721 5.3% 12.5% 22.2% 25 -2 27% 69%
4 bed £1,144 -1.3% 1.5% 20.9% 29 -4 20% 60%
Total £603 0.3% 7.7% 14.9% 30 -1 19% 59%

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 101.1 105.3 108.3 105.3
2017 106.3 106.4 105.5 109.2
2018 107.0 110.7 107.6 106.3
2019 109.4 111.0    

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%
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