South Lanarkshire

David Kendall

David Kendall - Lets Make Homes

“The lettings market continues to experience a severe shortage of stock with the inevitable consequence of strong demand for available properties and price increases. An urgent rethink is required by Scottish Government in connection with their proposed legislation as this will encourage landlords to sell, further restricting options for tenants and increasing rents even more. Landlords who do stay in the market will face higher costs in order to cope with ever more legislative requirements, not least ensuring all their properties achieve a C rating on their Energy Performance Certificates by 2025.”

Market Overview - Q2 2022

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 £477 9.7% 14.9% 26.2% 10 -9 46% 94%
2 bed £632 7.5% 17.0% 29.2% 17 3 33% 81%
3 bed £844 5.5% 27.7% 36.6% 14 -1 43% 91%
All £715 9.5% 23.7% 32.7% 14 -2 38% 87%

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 115.1 120.3 124.7 121.5
2022 131.1 131.7    

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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