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Then you’ve come to the right place.
Being the largest city in Scotland, Glasgow is home to over 635,000 people, but this spreads out to over 1.84m people across its Metropolitan Region.
Events like the Commonwealth Games and the European Capital of Culture have helped transform Glasgow into a pioneering city that allows businesses from every sector to flourish.
Whether it’s green energy, technology or healthcare, Glasgow is a major economic powerhouse that generated £47bn GVA in 2019.
The city has attracted over £17bn in capital since 2011, making it the 5th in the UK for direct foreign investment.
This makes Glasgow the perfect property investment hotspot in 2023.
On this page, we’ll dive deep into why you should consider Glasgow buy to let property investment and where to invest.
Is Glasgow a good place to invest in property?
Let’s get into it:
We’ve picked out the three most fundamental reasons why Glasgow property investment could be a great idea in 2023.
Let’s start with the big one:
According to Zoopla, the average cost of properties in Glasgow is £228,236, making Glasgow the most affordable city to buy a property in Scotland.
Looking at the latest Land Registry Data, homebuyers will pay nearly £300k less for a detached property in Glasgow than in Edinburgh and £152k less overall.
Data from Land Registry 2022
Property prices in Glasgow are some of the fastest-growing in the UK, so now could be the perfect time to invest.
Glasgow is one of the best UK cities to invest in 2023, especially for buy to let property.
Buy to let properties in Glasgow will also see impressive rental yields of 6.73% – only 1.44% less than in Edinburgh!
Data from Admiral 2022
The Glasgow rental market faces some of the highest tenant demand in the UK, with 302.1 people looking to rent for every 100 available rentals.
Comparatively, Manchester ranked below Glasgow at ninth place on the list (290.5), while Salford ranked as the highest (1061).
With over 855,000 people employed, Glasgow generates 34% of all Scottish jobs and is Scotland’s biggest economy.
Not only that, but Glasgow is:
You’re in Luck, Glasgow is One of the UK’s Top Places to Invest in Property. Download Our Free Guide to the Best Places to Invest in the UK For More Information!
Over the past two years alone, property prices in Glasgow have increased by 12.13%.
Real estate experts Savills predict that properties in Scotland will see a 9.5% increase by 2027.
For more property market predictions, read our 2023 prediction guide.
Now you know a bit more about property investment in Glasgow, it’s time to start looking at the best areas to invest in Glasgow.
The Scottish city has a lot to offer, so we’ve broken down each key area of the city with its most rewarding postcode, so you don’t have to.
Average Yield: 7.63%
Average House Price: £253,000
Glasgow City Centre offers a variety of modern and traditional properties at an affordable price tag.
The fashionable Merchant City and Charing Cross are trendy locations for young professionals, while Cowcaddens is popular with students due to its proximity to the university.
G2 is the most rewarding postcode, seeing returns of £1,609 PCM.
Average Yield: 5.90%
Average House Price: £125,024
Only a stone’s throw away from the University of Glasgow’s main campus, West End experiences high rental demand – especially for student property.
However, the easy access to the city centre, a wealth of green space, and excellent transport links make West End a sought-after location for families.
The highest yields can be found in G81 from an income of £617 PCM.
Only a stone’s throw away from the University of Glasgow’s main campus, West End experiences high rental demand – especially for student property.
However, the easy access to the city centre, a wealth of green space, and excellent transport links make West End a sought-after location for families.
The highest yields can be found in G81 from an income of £751 PCM.
Average Yield: 6.46%
Average House Price: £139,577
Average Yield: 7.38%
Average House Price: £105,409
A recent wave of investment following the 2014 Commonwealth Games has transformed the East End into a hotspot for young professionals and families.
In 2020, East End’s Dennistoun was named the 8th coolest neighbourhood in the world (yes, the world) by TimeOut magazine.
G34 has the one of the best yields in the city from a monthly income of £648 PCM, but you may need to act fast if you want a Glasgow buy to let bargain.
Average Yield: 7.56%
Average House Price: £159,816
A region known for its industry and iconic sporting venues, the Southside of the River Clyde is a great place for Glasgow investment property.
G73 is the postcode with the highest yields from an income of £1,006.95 PCM.
The G73 town of Rutherglen was recently labelled the best area in Scotland to invest in property by The Sunday Times for its impressive 7.56% rental yields.
A region known for its industry and iconic sporting venues, the Southside of the River Clyde is a great place for Glasgow investment property.
G73 is the postcode with the highest yields from an income of £867PCM.
Last year, the G73 town of Rutherglen was labelled the best area in Scotland to invest in property by The Sunday Times for its impressive rental yields and growth potential.
With gross rental yields now at 5.63%, the region is still one of the most potentially lucrative areas to invest in.
Average Yield: 5.63%
Average House Price: £184,819
Click Below to Read Our Detailed Guide
Thank you for reading our Glasgow investment property guide!
At RWinvest, we’re one of the UK’s leading property investment companies, offering a great selection of affordable investment opportunities.
You can find out how much will your investment property be worth in five years with our 2022 blog.
For the latest on the state of the property market, read our 2023 predictions guide.
By submitting your details you agree to allow RWinvest to store and process the information submitted and receive product information and other communication, as stated in the privacy policy.
