South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“Demand soars! Perhaps this is the most accurate summary of the 2021 opening quarter? Properties are snapped up in days, following a deluge of enquires with often multiple high calibre interested parties after the same house or flat. New supply is severely restricted as landlords who wish to enter the market, or expand their portfolio, are unable to compete with owner occupiers who may offer well over the Home Report value and are not constrained by the imposition of 4% Additional Dwelling Supplement. Conversely those landlords deciding to exit can achieve strong sale prices. After more than a decade of almost stagnant rents, prices are rising.”

Market Overview - Q1 2021

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 £428 5.4% 8.1% 16.0% 17 -7 33% 79%
2 bed £591 5.2% 19.4% 19.4% 18 -18 41% 77%
3 bed £695 -1.3% 10.7% 15.3% 19 -25 38% 69%
All £626 3.8% 14.0% 19.7% 18 -17 39% 76%

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
2021 115.3      

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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