Scottish Property Centre records fastest selling times in the UK

07/11/2018 09:00:18

Scottish Property Centre Shawlands has achieved some of the fastest selling times in the UK with  southside properties taking an average of just 17 days to sell.

High demand and a relative scarcity of properties for sale has created a mini boom in the southside of the city with many homes being snapped up within days of going on the market.

A sample of 106 flats and houses sold by Scottish Property Centre Shawlands since  the start of the year reveals more than half sold in a fortnight or less, with two being sold on the same day they went on the market.

Around two thirds of properties went to a closing date. Areas where sales were quickest included Shawlands, Mount Florida, Netherlee and Clarkston.

Sales were achieved in around a third of the average time for the UK reported in a recent survey by the property portal, Zoopla.

It showed the average property sales time in Glasgow was 27 days, almost half the national average. In Edinburgh, the average sales time was 22 days, according to the Zoopla report.

The Scottish Property Centre Shawlands statistics reveal a willingness among homebuyers to pay more than in the past, with 82 properties selling for the Home Report value or over.

Of the 66 properties that sold over the Home Report Value some buyers were prepared to pay premiums of up to 30% over the asking price.

They included a first-floor tenement flat in Bellwood Street, Shawlands, put on the market for offers over £145,000 and which sold within 12 days for £171,000.

A top floor flat in Deanston Drive, on the market for offers over £119,000, sold in a little over a fortnight for £141,000.

And a corner appointed top floor flat in Ledard Road, Battlefield, on the market for £169,000 sold six days later for £210,000, more than 24% over the asking price.

Craig Smith, a director of Scottish Property Centre Shawlands, said: “Buyers and sellers alike will find this data useful as it will give them a good idea of where in the southside of the city  homes are in greatest demand.

“It's interesting to see Glasgow's continued dominance in surveys such as these and particularly in the south of the city where, in some areas, there is a genuine clamour for properties the moment they are advertised.

“This is partly due to a lack of available properties for sale but we’re also seeing a return to the market of buyers who, perhaps in the past few years, have delayed purchasing.

“We’re seeing an uplift in the number of first-time buyers, perhaps assisted by government measures such as Land and Buildings Transaction Tax relief, but we’re also seeing a return of consumer confidence which is encouraging for the future.”

If you live in the Southside and would like to know the current value of your property, with no obligation, email shawlands@scottishpropertycentre.net visit https://www.scottishpropertycentre.net or call 0141 649 7979.   

 

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