Does the West End property market have a seasonal spring in its step?Posted on 12th April 2019 in News
It’s that time of year when the property market can look forward to a seasonal spring surge, with buyers and sellers ramping up their house buying and selling efforts. But how are things looking with that little old consideration of Brexit? We give you our low down on the property market, and the outlook for West End residents and wannabe residents.
Let’s get to the point quickly; the West End of Glasgow continues to perform strongly, with property prices remaining higher than the rest of the city, and continued growth anticipated over the next few years.
As Barry Walker says: “The problem in the local West End property market is not lack of demand, but short supply.
“There’s never been a problem securing serious buyers for properties here. In some cases, properties reach prices up to 30% higher in this part of the city – no surprises there for those of us who know and love the West End.”
As for the Brexit factor, West End home owners, as well as home owners across the rest of Glasgow, can take great comfort in the fact we’re starting from such a strong baseline.
In 2018, Glasgow properties sold for an average of £30,000 above the asking price, compared to just £12,000 higher for the rest of Scotland.
Stuart Wylie says: “Glasgow home owners are in a strong position, and we expect the upward trend in house prices to continue. The latest House Price Index Report shows a 5.8% increase across Scotland in average house prices during the preceding year. Glasgow has exceeded this national average, showing a 10.4% increase in average house price in 2018 compared to the previous year.
“And these figures are only more pronounced in the West End. G12 and G3 are incredibly strong performing postcode areas. We believe this is all set to continue based on what we’re seeing in the area at the moment.”
Check out our reviews here and get in touch if you’d like talk to us about selling your home – we’d love to hear from you!