South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“Since the reopening of the housing market, rentals have been exceptionally buoyant with incredible demand particularly for houses which currently attract numerous high quality prospective applicants. Many lets are agreed before properties are even advertised. ‘Accidental’ landlords are now able to sell their properties, further diminishing the supply of rental properties. On the downside, some tenants continue to struggle with their rental payments due to changes in their circumstances and as the furlough scheme comes to an end, more tenants are at risk of redundancy.”

Market Overview - Q3 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 £422 2.2% 10.5% 11.9% 23 -9 31% 76%
2 bed £564 4.6% 16.0% 13.0% 23 -11 35% 75%
3 bed £771 2.7% 20.3% 20.5% 18 -5 39% 89%
All £628 3.0% 12.9% 15.9% 24 -7 34% 78%

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 111.0 108.1 115.7  

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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