Topsy turvy start to the year has been a tale of Two Brexits

10/04/2019 16:13:28

The transition from the first into the second quarter of 2019 was, for the southside property market, a Tale of Two Brexits or, more accurately, The Brexit That Never Was.

Concerns about the March 29 deadline for the UK exiting the European Union is the most likely explanation for a noticeable drop in general enquiries.

It may also just have been related to low levels of housing stock after record breaking sales figures and speed of sales in previous months.

While viewing figures tailed-off quite considerably compared with February, Scottish Property Centre Shawlands still listed and sold almost identical figures to March 2018.

And even with reduced viewer numbers and enquiries we still sold at record times and for record sales prices over the home report value.

As the deadline for the two-year period following the Government’s triggering of Article 50 of the Lisbon Treaty approached, we were expecting the fall in activity to continue into April and possibly beyond.

Traditionally April can be a quiet month, as families take off for Easter holiday breaks, but the opposite was true as home sellers flooded through our doors to list their properties for sale.

Perhaps it was the sense of false anticipation created as March 29 came and went with nothing changing. There was a palpable sense of people feeling liberated and determined to carry on with their lives rather than bow to perceived political and economic threats.

Whatever the reason, sellers returned to the market in droves and, as a result, Scottish Property Centre is currently the number one estate agent on Rightmove for new sales listings brought to the market in April.

We account for 10.8% of all southside postcode properties (G41, G42, G43, G44) brought to the market during the month and we’ve already listed more homes for sale than the whole of April 2018.

It doesn’t look like slowing down anytime soon with lots more due to come to the market soon. If you’re buying in the area, make sure you are on our buyer database to keep a step ahead of your competition! Streets about to have a Scottish Property Centre for sale board erected include:

  • Arundel Drive, Battlefield
  • Sinclair Drive, Langside
  • Dinmont Road, Shawlands
  • Brisbane Street, Battlefield
  • Castle Court, Newton Mearns
  • Dundrennan Road, Langside
  • Norham Street, Shawlands

We also have new properties coming to the rental market soon in:

  • Cartside Street, Langside
  • Oak Avenue, East Kilbride
  • Hillpark Drive, Hillpark
  • Bellwood Street, Shawlands

Viewings are also up significantly in April as buyers appear re-invigorated that the sky hasn’t fallen in over Brexit.

Recent listings include a one-bedroom, top floor tenement flat in Daisy Street, Govanhill with a dining kitchen and a readers’ snug on sale for offers over £79,000. Listed on April 3, it has already had 42 viewings, 12 notes of interest and a closing date has been set for Friday.

Another popular property is a two-bedroom period flat in Niddrie Square, Queens Park, on sale at offers over £160,000, which has only just been listed and has already attracted 24 viewings.

Some sale highlights of March and April include:

  • A one-bedroom traditional tenement flat in Cartvale Road, Battlefield with a dining sized kitchen which sold for 13% over the home report value at a closing date.
  • A top floor, two-bedroom tenement flat in Holmlea Rd, Cathcart with views over the River Cart which sold in one day from our database/social media advertising alone for a record price.
  • A two-bedroom tenement flat in Orchy Street, Cathcart which sold for 10% over the home report value at a closing date.
  • An expansive first floor tenement flat in Sinclair Drive, Battlefield with a dining kitchen and two bedrooms, that sold for record price, 11% over the home report value.
  • A three bed, mid-terrace villa in Muirskeith Crescent, Merrylee that sold in just 5 days for in excess of the home report value.
  • A detached bungalow in a peaceful rural village in Perth with wonderful open views. A neighbour has been on the market with a local estate agent since 2016 and we have sold for our client in just 5 months.

For more information about these and other southside properties call Scottish Property Centre Shawlands or Scottish Property Centre Cardonald or visit www.scottishpropertycentre.net

 

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