Scotland Quarterly Insight Spring 2023

Lomond

Our inaugural Quarterly Insight explores trends and performance across Scotland, as well as across all our operating regions within Lomond, including Yorkshire, Manchester & the North West, Birmingham & West Midlands, and the South Coast. Expert commentary accompanies all the data research.

Operating the largest lettings agency in Scotland, our branch network covers the strategic locations of Edinburgh, Glasgow, St Andrews, and Aberdeen.

Sales activity 

Over 100,000 property sales take every year in Scotland, and our key market areas account for one in three of those. Based on an analysis of 175 areas across the country, all four key cities we operate in, are ranked in the top quartile of ‘Best Places to Live in Scotland'.

Across DJ Alexander, we have seen that our supply and activity have remained consistent from this time last year, with a steady 19 new instructions and an average of 11 exchanges per branch.

Lettings activity 

The appeal to invest in Scotland has risen dramatically in recent years: St. Andrews has become a real hotspot for students as it is home to the oldest university in the country; Aberdeen is now the ‘oil capital of Europe’ attracting many workers; and with average house prices 30% lower than the rest of the country, you can see the attraction.

Investment yields across our Scottish network have risen in all our strategic cities in recent times. With demand for city living rising back to pre-pandemic levels, average monthly rental prices for newly agreed apartment lets, have risen by over 14% year-on-year across Edinburgh, Fife (St. Andrews) and Glasgow, with indicative gross yields across all cities above 5%. 

Indicative gross yields for apartments offer a good investment.

	Indicative gross yield	Average monthly rent
Edinburgh	5.1%	£1,193
Glasgow	6.7%	£577
St Andrews	6.0%	£1,054
Aberdeen	7.4%	£753

Contact your local branch to find out how we can help you with your sales or lettings needs.