Contact information for Scotland’s leading national law firm, solicitor estate and letting agent. Aberdein Considine, 138 Ayr Road, Newton Mearns, Glasgow.
138 Ayr Road, Newton Mearns
DX: DX 501609 GIFFNOCK
Viewings and valuations are available outwith these hours.
We are proud to offer clients the support of some of Glasgow and East Renfrewshire’s most experienced property professionals from our estate agency and lettings office in Newton Mearns. We also offer our full range of legal and independent financial services from the site.
The market in the Southside is still very strong with the numbers of buyers still out stripping the number of properties coming to the market.
The key hotspots continue to focus on Shawlands, Pollockshields and Langside, with many of the traditional 2 bedroom flats now selling between 15-25% over there marketing price. Most properties are going to closing dates and those that don’t have normally received an inflated offer as they have commenced marketing.
East Renfrewshire remains ranked as the highest average sales price in Scotland, and the lack of available stock continues to create bidding wars for the homes that do come to the market.
We have buyers for all sections of the market, and stock simply remains in short supply. There is a degree of confidence among sellers, with the majority now looking to buy first as they struggle to find the right property on the market. This is undoubtedly causing a bottleneck in the market and a slowdown in the number of transactions.
As we go through the summer months and move towards the return to school time of mid-August, we hope to see a surge of properties coming to the market hoping to beat the winter blues and be in their new home prior to Christmas.
The south side of Glasgow rental sector remains traditionally popular with the market continuing to go from strength to strength.
“Q2 has seen a very busy time in the market with high levels of applicants for every property.
There has been plenty of activity throughout the city especially for 2 bedroom properties and this, highlighted with the number of tenants outstripping supply, will no doubt be the main reason for the increase we have seen in monthly rents.”
There remains strong demand for all types of property in the local market, with a tenant being able to secure a lease for a two bedroom flat for around £150 less than the cost of renting a similar flat in the West End. With lower selling prices, landlords can normally expect a better yield from this location.
The introduction of the new Private Residential Tenancy has not materially affected the rental market, however it remains to be seen what longer term impact this will have. Viewing enquiries remain strong and we expect these strong numbers to hold up during the remainder of 2018.
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I. Walker, personal financial planning
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