Property Investment Glasgow: Your Complete 2022 Guide

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Are you interested in property investment Glasgow?

 

Then you’ve come to the right place.

Being the largest city in Scotland, Glasgow is home to 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 2022.

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:

Key takeaways:

  • Glasgow is the most affordable city in Scotland to buy property.
  • The Scottish city faces the second-highest tenant demand in the UK.
  • Glasgow will grow at a steady average of 4.2% per annum until 2026
  • Rent has steadily increased by 38.3% over the past nine years
  • 34% of Scottish jobs are generated in Glasgow.
  • Glasgow is ranked as one of the best UK cities to invest in buy to let property.
  • 5th in the UK for Foreign Direct Investment.

Glasgow Quick Facts

  • Average property price: £164,253.
  • Average rental yield: 7.3%.
  • Population: 84m in City Region.
  • Monthly rent: £936.25 PCM.
  • East Side postcode G34 is the area with the highest yield (10.90%)

Why Property Investment Glasgow Is a Good Idea

We’ve picked out the three most fundamental reasons why Glasgow property investment could be a great idea in 2022.

Let’s start with the big one:

1. Affordable Property Prices

Properties in Glasgow cost £164,253, making Glasgow the most affordable city to buy a property in Scotland.

Homebuyers will pay nearly £300k less for a detached property in Glasgow than in Edinburgh and £161k less overall.

Glasgow vs Edinburgh Property Prices April 2022

Glasgow vs Edinburgh Property Prices April 2022

 

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.

2. Good Rental Yields with High Tenant Demand

Glasgow is one of the best UK cities to invest in 2022, especially for buy to let property.

Rent has steadily increased by 38.3% over the past nine years and is now £936.25 PCM, with the average time to let being 31 days.

Buy to let properties in Glasgow will also see impressive rental yields of 6.73% – 2.08% more than Edinburgh!

UK cities with the highest rental demand:

UK cities with the highest rental demand

 

Data from Admiral 2022

The Glasgow rental market faces some of the highest tenant demand in the UK, with 998 people looking to rent for every 100 available rentals.

Comparatively, Edinburgh made fourth on the list (535), while Aberdeen ranked as the fourth lowest (58).

Glasgow Property Investment - Why Buy In Glasgow?

Properties for sale in Glasgow cost £164,253, this makes Glasgow the most affordable city to buy a property in Scotland. If you are looking to buy in Glasgow you will pay nearly £300k less for a detached property in Glasgow than in Edinburgh which is a staggering £161k less overall.

3. Business City

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:

Interested in Glasgow Property Investment?

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Glasgow Property Market Forecast 2022

Over the past two years alone, property prices in Glasgow have increased by 23% – 6% more than in Edinburgh.

House Price Growth Glasgow vs Edinburgh

House Price Growth Glasgow vs Edinburgh

Real estate experts JLL predict that properties in Glasgow will grow at a steady average of 4.2% per annum until 2026. The predictions suggest that by 2026 property prices in Glasgow will have increased by more than 21% from 2022.

For more property market predictions, read our 2022 prediction guide.

Best Areas to Invest in Property in Glasgow

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.

G2:

Average Yield: 6.61%

Average House Price: £189,089

City Centre and North

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 £1,041.35 PCM.

G81:

Average Yield: 5.90%

Average House Price: £125,024

West End

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.

West End

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.

G81:

Average Yield: 5.90%

Average House Price: £125,024

G34:

Average Yield: 10.90%

Average House Price: £65,543

East End

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 highest yields in the city from a monthly income of £595 PCM, but you may need to act fast if you want a Glasgow buy to let bargain.

G73:

Average Yield: 7.56%

Average House Price: £159,816

Southside

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.

Southside

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.

G73:

Average Yield: 7.56%

Average House Price: £159,816

Want to Discover the Best Places to Invest in the UK?

Click Below to Read Our Detailed Guide

Conclusion

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.

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