Calling All Buy to Let Investors30 Dec 2018
Calling all buy to let investors – keen to see the top ten performers in terms of rent increases in Glasgow? Read on…
Its almost the end of 2018 and I thought it might be interesting to see which areas of Glasgow have seen the biggest rent increases over the last half of 2018 according to our in house figures. Our top ten areas for average rent increases for buy to let investors starts with G76 – with a whopping 7% rent increase on average when we compare second half 2017 v 2018 – so that’s Glasgow Southside – actually East Renfrewshire to be exact – so Clarkston, Eaglesham, Busby – Sales prices are on the rise here too – so its no surprise that rents are on the rise!
Other winners are G44 – again on the Southside – Cathcart, Kingspark – and G31 Dennistoun has been on the rise for a while now and rents continue to reflect this. G1 – Glasgow City Centre – is seeing average rent increases of over 5% according to our real figures – it remains a real investment hotspot. Of course, average rent increases isn’t good news for everyone, especially not tenants but with the increase in regulation and PRTs finding their feet its hardly a surprise that landlords are looking to offset their hugely increased costs.
Rents have got to be fair and proportionate, with the restricted supply on the market at the moment tenants have little choice.