In 2021, Glasgow is being described as one of the busiest property markets in the UK. demand has been incredibly high, and in the first three and a half months of 2021, £149 billion worth of homes have been sold.
The rise in demand for homes is mainly due to the new 95% mortgage scheme and more adaptable working situations caused by the COVID pandemic.
You’ll likely want to join the group of people buying houses in Glasgow and try and find your special place. Glasgow is a beautiful city in Scotland that offers benefits for a wide range of people.
However, you may struggle to find homes available. With such a large demand and little supply, new homes on the market are becoming more scarce. You will likely face lots of competition when looking for properties.
Moving to a new city is never an easy task. It will probably be one of the biggest decisions you make in your life, so you need to make sure you’re making the right one.
To try and help you find a house that you love in Glasgow, here is some information about Glasgow and the current prices you can find if you want to relocate there.
Glasgow is the biggest city in Scotland. Whether you’re moving there as a family or as a student, there’s something to cater to you. There’s also a lovely sense of community across the city, so you will always feel welcome there.
Glasgow is well known for its long list of attractions. A day out in Glasgow will always be packed full of things to do. From live music and art galleries to exciting museums, there’s a range of different activities across the city.
Glasgow also has a pretty high student population because of the University of Glasgow. Many students travel from other areas in the UK and the world to study at the university. The presence of all these students means Glasgow is full of energy and different cultures.
If you’re looking to move to Glasgow to attend university, it is an excellent area for students to live. In the daytime, there are many shops and restaurants that everyone will love. The nightlife in Glasgow is equally as good as you can find many pubs and nightclubs to enjoy.
For families moving to Glasgow, many prestigious primary and secondary schools are dotted around the city. The kids will have a great time there and receive an outstanding education which is just as important!
Glasgow is also well connected to the rest of Scotland by major roads and public transport services. Frequent high-speed trains are travelling to other big cities such as Edinburgh. Good transport links mean you can commute to work quite comfortably.
One of the best factors of life in Glasgow is the property prices and the cost of living. House prices in Glasgow are very low, especially when compared to other areas of the UK, such as the south of England.
The average house price in Glasgow currently sits at £196,000. This is around half of the house prices in most London boroughs and other southern areas such as Bath and Oxford.
With property at these prices in Glasgow, you could save yourself lots of money by moving from more expensive areas of the UK to Glasgow. It could even allow you to buy a larger house or a house in a nicer area for the same or lower prices.
However, just like most other cities in the UK, house prices are rising in Glasgow. The average house price has risen by about 8% since 2019. This trend is likely to continue, and you will see Glasgow houses becoming more expensive in the next few years.
If you’re looking to buy a new home to live in, it’s best to get involved now and start your search for houses in Glasgow before prices boom even further.
But if you’re looking at buying property in Glasgow from the investment side of things, this is excellent news for you! Prices in Scotland are predicted to rise by 23%. This is a decent rate of return and shows Glasgow and the rest of Scotland is very promising for property investment.