Introduction
The Glasgow rental market is constantly evolving, and so are the preferences of renters. Landlords who stay up-to-date with these changing trends can make informed decisions that keep their properties competitive and desirable. From sustainability to modern amenities, here are the top renter preferences in 2024.
1. Energy Efficiency is a Top Priority
With rising energy costs, tenants are increasingly concerned about efficiency. Properties with a high Energy Performance Certificate (EPC) rating are in demand, and rentals with features like double glazing, efficient boilers, and well-insulated interiors often rent quicker. Statistics show that 30% of tenants in Glasgow prioritise energy efficiency, making it one of the most sought-after property features.
2. Flexible, Functional Living Spaces
Gone are the days when a one-size-fits-all layout appealed to renters. Today’s tenants are looking for flexibility — whether it’s a space that doubles as a home office or a living room that transitions seamlessly into an entertainment space. Properties that offer smart storage solutions and adaptable room layouts see higher occupancy rates, especially among young professionals working from home.
3. Proximity to Public Transport and Amenities
With nearly 60% of Glasgow residents relying on public transport for their commute, proximity to transit hubs is key. Properties near major bus routes and train stations attract more interest, particularly from young professionals and students. Additionally, rentals near popular amenities like cafes, grocery stores, and parks are favoured by tenants who value convenience.
4. Modern Finishes and Tech-Friendly Upgrades
Tenants increasingly prefer modern, well-maintained properties with a touch of tech. Features like high-speed internet, modern appliances, and even smart home devices can give a property a competitive edge. In fact, 48% of renters are willing to pay higher rent for properties with updated amenities, especially in areas like the West End and Finnieston.
5. Pet-Friendly Rentals
The demand for pet-friendly rentals has surged, with 1 in 4 renters now prioritising properties that allow pets. By accommodating this need, landlords can significantly widen their tenant pool and potentially reduce vacancy times. Consider allowing pets with certain restrictions or deposits to protect your investment while appealing to this growing demographic.
Conclusion
Understanding tenant priorities helps Glasgow landlords stay ahead in a competitive market. By making smart upgrades and staying aligned with renter preferences, landlords can enhance their property’s appeal and maximise rental income.
