South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“Turnover of properties has been extremely low during the lockdown, which combined with virtually no supply of new properties into the rental market, has meant there is currently very little availability for prospective tenants. As a result there is a high demand for properties which do come to the market. Many existing tenancies have been saved by the provision of the furlough scheme, grants for the self-employed and a slightly more generous benefits system. As the various schemes begin to recede and we emerge from the crisis, supporting current customers and careful selection of new clients will become ever more essential to maintain and create sustainable tenancies.”

Market Overview - Q2 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 £413 1.7% 11.6% 7.8% 36 1 21% 53%
2 bed £591 10.1% 17.7% 20.4% 34 4 21% 60%
3 bed £690 -4.3% 11.1% 10.9% 34 9 30% 48%
All £587 -2.7% 3.9% 8.7% 33 3 24% 56%

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 111.0 108.1    

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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