In this episode of the Scottish Property Podcast, Nick and Steven are joined by Colin Macmillan, managing director of Glasgow Property Letting, for a deep dive into what’s really happening across the Scottish property market.
With interest rates expected to shift, rents showing signs of cooling, and new legislation looming, this episode breaks down the latest data and trends affecting both investors and landlords.
Colin brings hands-on insight from managing over 300 properties, giving a grounded perspective on how landlords and letting agents are navigating the current landscape.
Key Highlights:
📉 Scottish House Prices & Sales Volumes
Where property values are holding up — and where they’re slipping
Why sales volumes have dropped despite buyer demand still being there
The widening affordability gap, especially for FTBs and low-income earners
🏠 Rental Market Trends
Annual rent growth down to 5.6% — and why that’s not a bad thing
Signs of softening demand and increased supply in certain regions
Why 2025 will expose landlords who haven't adjusted to market realities
📊 Lettings Insight from the Ground
Landlords pushing unrealistic rent increases — and what agents are saying
How tenants are negotiating harder and shopping around more than ever
The shift towards fixed rents and longer tenancies
🏢 Student Accommodation Boom
Record number of PBSA (Purpose Built Student Accommodation) units under construction
What this means for HMO landlords and the wider rental market
Will Glasgow run out of student tenants?
🔧 Legislation, Licensing & Market Pressure
Highland Council cracking down on short-term lets
Colin’s view on EPC requirements, ADS, and compliance fatigue
Why government policy continues to hurt affordability instead of helping it
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