Serving the West End area of Glasgow is our Byres Road branch which is managed by Partner, Gavin Crowe and offers lettings, estate agency, financial advice and our full range of legal services to clients.
108 Byres Road
DX: DX 500203 HILLHEAD
Viewings and valuations are available outwith these hours.
We are proud to offer clients the support of some of Glasgow’s most experienced property professionals from our Glasgow West End estate agency and lettings office on Byres Road. We also offer our full range of legal and independent financial services from the site.
During the final quarter of the year it was noticeable that many First Time Buyers are now ready to take the plunge and enter the market, tempted in part by the wide range of affordable mortgage deals currently available.
This has steadily pushed prices higher at the bottom end of the market, allowing sellers to move to the next level. We are regularly achieving sales at prices over the home report value with many going to closing dates owing to the competition for the limited stock available.
Glasgow recorded the highest level of sales in Scotland in the third quarter of the year, with nearly 3,300 deals.
Average prices in the city fell slightly in Q3 (1%) to £164,573 but there is no shortage of buyers or sellers with the total value of sales hitting £540 million. Glasgow remains a magnet for new commercial developments and offices which in turns attracts employees, all of which has resulted in a sustained period of growth.
A critical shortage of Grade A office space, as well as an increase in high profile commercial property deals and developments are creating an environment in which an historic shortage of residential property may well drive up prices further.
Looking ahead to the next few months, we would expect the traditional influx of parents looking for homes for children about to start University. This makes for a fabulous time for vendors to bring these properties to market and tap into that additional level of demand.
This increased level of buyer demand suggests that anyone thinking of selling now should seriously consider having their home valued now with the aim of bringing the property to market and achieving a selling price over their initial expectations.
With “ready, willing and able” purchasers actively looking to buy a property, the current climate would indicate now might be an ideal time for vendors to make the decision to sell and tap into that additional level of demand.
The final quarter of 2019 provided further evidence that the Private Rental Market in the West End and more widely Glasgow is still booming and shows no time of slowing down.
The final three months of the year continued to see a strong flow of new properties coming on to the market and this has resulted in a very busy period with monthly rents still on the increase and the demand from tenants still very high.
The latest figures from Citylets revealed that the average rent in Glasgow has now broken through the £800 mark for the first time, at £803, up 2.3% year on year.
The market is operating at a sustained and fast pace and it’s now taking an average of 27 days to let.
Leasing is certainly a popular option for many with average house prices in Glasgow seeing regular rises throughout 2019, and many properties coming to the market are enjoying the luxury of having several potential tenants making applications.
One bed properties were renting fastest at 22 days which is unchanged on the last year and 67% of homes were let within a month – the same as the Capital. At this stage any implications from the imminent EU exit are yet to make a tangible impact on the market, however the current pattern would suggest that the next few months at least should remain busy with a number of landlords looking to add additional properties to their portfolios.
Dowanhill is one of the West End of Glasgow’s most sought after pockets boasting a diverse range of traditional properties near the cosmopolitan Byres Road.
Situated just two and a half miles from Buchanan Street, Dowanhill is surrounded by a wide selection of bars, restaurants, cafes and well known high street shops. The West End is scattered with boutique style shops which give a bohemian feel to the fashionable shopping scene.
The area offers a variety of property styles from cosy attic flats, four storey sandstone traditional townhouses to discreet basement apartments. The district is also within walking distance of Glasgow University and The Royal Botanic Gardens, and offers great transport routes, with a subway running conveniently to the City Centre.
Jordanhill is an affluent area in the West End of Glasgow. It is one of the most sought after places to settle down in the West End and is popular amongst both families and single buyers. The area consists largely of terraced housing dating from the early to mid-20th century, with detached and semi-detached homes and modern apartments.
Families who settle in Jordanhill benefit from access to the highly regarded Jordanhill School and there are beautiful parks within walking distance. The City Centre is a mere 15-20 minute car journey and the area is sure to appeal to all who desire a suburban feel whilst benefitting from close proximity to the busy city centre.
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We are extremely grateful for Aberdein Considine’s support and professional efficiency over the last month.
M. Reily, purchase client
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