South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“A very strong start to 2020 came to an abrupt halt with the terrible effects of the Coronavirus. Over the last few weeks new working practices have been swiftly adopted and the turnover of tenancies has been significantly lower than normal, indeed several tenants who gave notice have since retracted and decided to stay put. Maintaining tenancies has become paramount with many tenants simply requiring ‘signposting’ and reassurance in order to be able to remain in their homes and pay their rent. As we gradually emerge from this crisis the underpinning strength of the PRS will be the simple fact that people need somewhere to live and letting agencies must work together with their clients as we move into a new era.”

Market Overview - Q1 2020

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% 8.6% 3.3% 24 -13 27% 73%
2 bed £562 0.7% 15.6% 6.8% 36 2 19% 55%
3 bed £704 1.0% 10.0% 9.3% 44 7 19% 46%
All £603 1.5% 9.0% 6.7% 35 0 20% 58%

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 109.4 111.0 112.3 112.5
2020 111.0      

Market Composition

Yield by Popular Postcode (Flats):

Postcode20162017201820192020
G71 5.50% 5.40% 5.50% 5.90% 4.90%
G72 7.50% 8.30% 7.50% 7.50% 7.40%
G73 6.70% 7.00% 6.60% 6.80% 6.60%
G74 7.40% 6.80% 7.00% 6.60% 6.70%
G75 9.60% 8.90% 8.80% 8.70% 7.90%
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