Broad Rental Market Area Profile – Greater Glasgow
Note in the following text and charts that average rents that have changed within +/- 0.5% could be considered as being fairly similar to previous periods.
Average (mean) 2 bedroom rents in Greater Glasgow have been higher than the Scotland average since 2015, with the average rent in 2021 being £797 per month, compared to the Scotland average of £693.
Between 2020 and 2021 average rents have increased for 4 bedroom properties (0.6%), whilst average rents have shown little change for 1 bedroom (0.0%) and 2 bedroom (0.3%) properties, and have decreased for 3 bedroom (-1.2%) and 1 bedroom shared properties (-3.5%), which compares to CPI inflation of 1.5% across this time period.
Between 2010 and 2021, average rents have increased for all property size categories, with increases ranging from 26.3% for 1 bedroom shared properties to 57.1% for 4 bedroom properties, which compares to CPI inflation of 24.3% across this time period.
For most property sizes there have generally been greater increases in the top end (upper quartile) of rents between 2010 and 2021, which has widened the gap in rents compared to the bottom end of the market (lower quartile), although this apprears to have stabilised over the most recent year.
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