Glasgow tops UK league table of homes sold

08/07/2019 12:19:02

Another week brings another report confirming that, while Brexit causes uncertainty in the property market, and with house prices elsewhere in the UK set to decline further, Glasgow and much of central Scotland continues to buck the trend.

New research has revealed that Scotland’s biggest city is experiencing an increase in buyers snapping up properties and that the positive effect is being felt across much of the central belt, including in Lanarkshire and Argyllshire.

The latest Buyer Demand Index, based on the ratio of homes sold to those for sale, showed that buyer demand has crept up slightly in the second quarter of 2019 by 1% and now stands at 42.3%, across the UK.

The highest ratio of buyer activity is currently in Glasgow at 60.2%, closely followed by Edinburgh at 57.6%.

At 49.3%, Belfast ranks 14th overall in the UK and is the first entry for Northern Ireland, with Cardiff the first for Wales, sitting at number 26 with current demand at 47.7%.

Worthing near Brighton is home to the biggest uplift in buyer demand since the start of the year with a 7.1% increase.

York (6%), Woking (5.2%), Mansfield (5%), Basingstoke (4.6%), Exeter (4.6%), Bristol (4.6%), St Helen’s (4.4%), Southport (4.2%) and High Wycombe (4.1%) are also home to some of the biggest increases in buyer demand.

Homeowners are trying their hardest to increase the value of their home in order to get the best sale possible.

A recent study revealed that by renovating your garden you can can increase the value of your home by up to £60,000.

Paul Burns, Director of Scottish Property Centre Dunoon, said: “A thoughtfully designed garden that reflects the style and décor of your house can attract the right attention and create a sense of extra space.

“If your garden is too wide or long, consider breaking it down into separate areas - create clear zones using different materials and textures, keeping a good amount of lawn alongside a decked or paved area for relaxing and entertaining, flower bed borders and a growing area with raised beds or a greenhouse.”

For more information on ways to maximise the potential value of your home call your local Scottish property Centre branch or visit www.scottishpropertycentre.net

 

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