Treating Symptoms Damaging Cures?

Citylets Report Q3 2015
South Lanarkshire
Market Overview - Q3 15
Beds
Average
Rent
Rent Change
1yr
Rent Change
3yrs
Rent Change
5yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
1 bed £382 3.2% -1.8% 1.3% 42 -2 20% 51%
2 bed £486 1.7% 1.0% -2.6% 40 0 13% 48%
3 bed £641 -0.8% 0.0% 0.2% 28 -12 20% 63%
4 bed £1,059 10.2% 5.2% 21.7% 36 -8 23% 54%
Total £556 -1.6% -0.5% 2.6% 39 -3 17% 51%
Let within
a month
Average Rent (pcm) by Number of Bedrooms
Rent (£pcm)
800
700
600
500
400
300
200
100
0
Q3
09
Q1
10
Q3
10
Q1
11
Q3
11
Q1
12
Q3
12
Q1
13
Q3
13
Q1
14
Q3
14
Q1
15
1 bed 2 bed 3 bed All
Q3
15
C I T Y I N F O
Market Composition
17%
9%
2 bed flats
1 bed flats
40%
3 bed houses
2 bed houses
13% Other
21%
Average Time To Let (TTL) by Number of Bedrooms
Rental Index (base: Q1 08)
Year Q1 Q2 Q3 Q4
Time To Let
70
60
50
40
30
20
10
0
Q3
11
Q4
11
Q1
12
Q2
12
Q3
12
Q4
12
Q1
13
Q2
13
Q3
13
Q4
13
Q1
14
Q2
14
Q3
14
Q4
14
Q1
15
Q2
15
Q3
15
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
Households: Rented
25,471
1 bed 2 bed 3 bed All
11,413
5,985
Rented from
Council
Other social
rented
Private rented
Source: Census 2011, South Lanarkshire
citylets.co.uk/research/reports
p9