We’ve just launched a new local Accommodaton.co.uk letting agent in the city of Glasgow!
In this article, we’ll dive deeper into some of the numbers behind the property market there & why we believe it’s a great option for landlords & property investors alike and will continue to remain so.
Some of the key numbers on the rental market:
- Average rental price of £1,225 according to Home.co.uk
- Average rental yield stands at around 7.3% in Scotland, with Glasgow rents increasing by 13% over the past year, slightly higher than the Scotland average of 12.5%
- HMO’s are popular in Glasgow, with demand for rooms in increasing by 45% from Q2 2021 to the end of Q2 2022.
- Average time to let stands at 13 years - a record low - and much lower than the Scottish average of 18-25 days
These numbers show a booming rental market in one of Scotland’s major cities, which is great news for landlords, and shows strong growth as the UK has returned to city living and faith in the economies of cities has been restored after the pandemic.
Some really good investment areas to look out for in Glasgow are G12 (the West End), and G13, which have a time to let of 7 days & 8 days for one-bedroom properties. The time to let for 2 bedroom properties in G13 was also only 5 days which shows the huge popularity city living in Glasgow has among tenants.
Click the button below to book in a chat about the Glasgow rental market with our local lettings expert there!
