The southside property market is experiencing its biggest boom since the 2008 financial crash with demand for homes for sale and to rent breaking several records.
In the first six months of 2019, Scottish Property Centre Shawlands saw total sales listings increase by more than a third and new rental listings grow by over 70%.
Total listings overall rose by 36.5% while the number of properties sold was up by 21% compared with the same period the year before.
From the start of the year to June 30, Scottish Property Centre Shawlands sold properties worth a total of £7,743,172, some £431,442 over the combined Home Report values. Almost 90% of those sold over their Home Report value and the average time in which they sold was 16.64 days.
Uncertainty caused by Brexit does not appear to have impacted the market negatively. If anything, the market experienced a bounce after the UK failed to leave the European Union on the scheduled date of March 29.
High demand for homes to buy and rent, combined with a relative scarcity of available properties has created a burgeoning sellers’ market, according to Gregor Cope, Director of Scottish Property Centre Shawlands.
A revival of interest in Govanhill, which had fallen out of favour following some negative publicity, also contributed to the boom.
“Our sales figures since the start of January have shown consistent growth and the only question at the moment is how much further the market will grow,” said Mr Cope.
“It shows no sign of slowing down and it could be some time before it peaks. Of course, what happens with Brexit will determine the future path but now the trend is positive.”
Among the sales highlights achieved by Scottish Property Centre Shawlands was:
For details of properties for sale or to rent in your area, call your local Scottish Property Centre branch or visit www.scottishpropertycentre.net.