South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“The exceptionally buoyant rental market shows no sign of slowing down. Increasingly home owners are deciding to rent for a while after selling their property in the hope this will give opportunity to find a suitable new home and place them in a stronger position if they have nothing to sell. Many landlords are still keen to increase their portfolios but are holding back as they are reluctant to pay over asking price in the heated housing market, whilst those who do wish to dispose of their portfolio are taking the opportunity to achieve a quick sale very often at well above Home Report value.”

Market Overview - Q3 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 £453 7.3% 17.1% 21.4% 14 -9 39% 87%
2 bed £614 8.9% 18.8% 22.8% 13 -10 43% 87%
3 bed £774 0.4% 13.7% 25.2% 16 -2 41% 81%
All £677 8.0% 15.1% 24.2% 14 -10 42% 86%

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 111.0 108.1 115.5 119.7
2021 115.1 117.3 124.7  

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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