We believe that renters and landlords should be optimistic for the coming year.
As the vaccine programme is rolled out, there is an increase in confidence here in Scotland resulting in a rise in renter-demand. It’s a renter’s market and landlords offering quality homes to those tempted into rental through market uncertainty will benefit this year.
There has been an increase in demand for properties with outside space and Insta-worthy interiors. Searches for property with a garden or roof terrace was higher than ever – it was even Rightmove’s top search term for those looking for a new home in 2020 alongside ‘parking’ and ‘garage’. With outside space in high demand, this year could see more people reconnect with nature, with the emphasis on gardening – whether it’s a large plot or small balcony.
Although there has been a marked increase in those moving away from cities to more rural areas following a re-evaluation of what people want from their homes, Glasgow is unique in that the West End in particular will never lose its appeal. With plenty of access to parks and green space, great bars and restaurants, boutiques and, of course, the university close by, demand will always be high. People want great properties close to Glasgow city, especially if it has additional space to accommodate home working and some access to outside space.
Working from home
Demand from single occupancy residents looking to increase their living space to allow working from home and extra bedrooms from young professionals has resulted in demand for larger properties especially three-bedroom houses, but there are a large number of people who will want to save money by living in smaller properties in a great area – especially in an uncertain job market.
Last year there was a surge in demand for properties that allowed pets with a record rise in the number of Google searches for pet friendly homes. As professionals gear up to blended home/office working, it is believed that renters will want access to green open space, parks and trails and pet-friendly services.
Talk to us at Newton Properties if you are looking for a rental property to suit your lifestyle.