South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“Despite all the negative headlines of 2020 the rental market ended the year in a remarkably strong position with high tenant demand, very little available stock and often the opportunity to increase prices upon a change of tenant. Turnover of existing tenancies during 2020 was below the norm, as was the supply of new properties to the rental market. A mini housing boom for sales has given accidental landlords the chance to sell their properties. All these factors combined mean that regardless of the uncertainties caused by the pandemic, new properties to the market are generating multiple enquiries with houses particularly sought after and in short supply.”

Market Overview - Q4 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 £433 5.4% 15.5% 12.2% 17 -14 32% 77%
2 bed £602 7.7% 19.7% 15.5% 13 -17 47% 90%
3 bed £735 4.1% 12.6% 7.8% 9 -9 49% 97%
All £650 6.4% 15.0% 14.2% 13 -15 44% 88%

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 111.0 108.1 113.6 119.7

Market Composition

Yield by Popular Postcode (Flats):

Postcode20132014201520162017
G71 5.0% 5.4% 5.3% 5.5% 5.4%
G72 9.1% 8.5% 8.0% 7.5% 8.3%
G73 7.9% 7.5% 7.1% 6.7% 7.0%
G74 6.5% 8.3% 7.4% 7.4% 6.8%
G75 9.3% 9.0% 6.6% 9.6% 8.9%
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