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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