South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“Lack of supply, coupled with huge demand, continues to push rental prices higher with often multiple high quality applicants chasing the same property. The buoyant sales market provides temptation for some landlords to sell, whilst prospective landlords and those wishing to increase their portfolio are reluctant to pay over Home Report values and 4% Additional Dwelling Supplement, so new supply to the rental market is limited. The Lanarkshire area is increasing in popularity for renters and homeowners due to the excellent transport links for both Glasgow & Edinburgh combined with increasing options to work from home.”

Market Overview - Q2 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 £435 5.3% 11.3% 15.7% 19 -17 24% 78%
2 bed £588 -0.5% 14.6% 17.4% 14 -20 35% 87%
3 bed £800 15.9% 20.1% 29.4% 15 -19 36% 85%
All £637 8.5% 11.4% 18.0% 16 -17 32% 83%

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 115.1 117.3    

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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