Glasgow rockets up popularity list among UK homebuyers

02/01/2019 13:09:53

Glasgow was the fourth most-searched area in the UK for home buyers last year, according to a new survey by Rightmove, the property portal.

The city went from being outside the national top ten in 2017, to being one of the most popular places among house-hunters outside of London, behind Bristol, York and Manchester.

Glasgow’s popularity has soared as it has become a UK hub for the creative and tech industries and well as a growing financial services centre.

Last July, Barclays unveiled plans to create up to 2,500 jobs at a new major campus at the planned Buchanan Wharf development on the Clyde, housing its technology, functions and operations teams. The bank's existing Scottish operations are expected to start transferring to the new campus from 2021.

In October, the city was named as the location for a new Creative Hub for Channel Four following a competitive process involving 30 pitches from cities and regions across the UK.

Another recent study placed Glasgow second top of a list of UK cities that are attracting tech-start-ups from the Capital, enticed by its excellent work/life opportunities.

Craig Smith, Director of Scottish Property Centre Shawlands, said that while property prices in the city were rising, it was still a less expensive place to live than in many areas in the south-east of England.

He said: “One reason why people may be looking to move to Glasgow is because house prices are substantially cheaper than in other parts of the country, most notably London and the south east.

“But it is also one of the main creative and media hubs outside London, and the quality of life in this part of the world is great. You can be at the beach or in the countryside within half an hour of leaving the city.”

Livingston in West Lothian reported the UK’s fastest sales in 2018 - just 25 days compared to an all-Britain national average of 61 days. The measure was from when the property was first listed on Rightmove to it being marked by agents as ‘under offer’ or ‘sold subject to contract’

Meanwhile the portal’s assessment of 2018 also revealed its busiest day of the year was February 19, when page views exceeded 40million.

Typically, its busiest day in the week for potential buyers was a Tuesday and the busiest time of day to search properties was 8pm.

The quietest times of the year were during big, national events such as the Royal Wedding and the World Cup final when people were otherwise engaged. 

For more information on local property prices and sales times in your area, call your local Scottish Property Centre branch or visit https://www.scottishpropertycentre.net

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