Glasgow's Authority on Property

Market Reviews

Stay up to date with the latest market performance in your area with our quarterly Market Reviews.

Fourth Quarter Report 2018

Commentary on the 2018 housing market from John Kelly, Managing Partner, Corum Property    If ever a year was a textbook example of the effects of the imbalance between supply and demand, 2018 was it. However, overall it was a most encouraging and rewarding year, which finished with a real flourish.  The 2018 market in general was one of low supply, healthy buyer demand and readily available and competitively priced mortgage products, which have helped maintain or even grow property values. Discrete and high value sales boomed as the year came to a close, with encouraging momentum carrying into the new year. In 2018 we sold more homes around or over £1m than we did during the last market peak in 2006/7, which is really encouraging.  I’m also heartened by the fact that demand continues to remain high despite the ongoing saga over Brexit. There is no doubt in my mind that buyers have become more resilient to change and uncertainty, particularly over the l... John Kelly

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Ayr : Fourth Quarter Report 2018

Ayr Q4 Market Report By Bruce Patterson   Another compelling year in the Ayrshire property market is behind us so what do we take out of it ? Especially given the media is dominated mostly by negative commentary around the B word !    In Ayrshire it’s mostly good news. We completed a company record of over 500 sales during 2018 so our most successful year by a margin. Not only that but almost one in four of our customers properties were sold at closing date ( multiple bids ) resulting in some premium prices and fantastic results for our customers.   So what’s driving demand ? No doubt mortgage rates are at an all time low and strong employment figures are being reported. In addition as sales pick up a shortage of supply means good quality stock in key locations tends to sell quickly.   It’s now ten years since the 2008 recession and gradually over time, over indebted consumers have rebalanced their finances. Government initiatives like th... Bruce Patterson

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Bearsden : Fourth Quarter Report 2018/19

Fourth Quarter review, Bearsden by James Lang   Great activity in the rural market finished off 2018 with a flourish, notably with sales at £1.1m and £715k.  The mid-market in the villages has also shown increased activity and has proven to be a solid sector in the property market through the year as a whole.Three quarters of new build properties at Dalnair Estate, Croftamie have reserved or settled, with only a two remaining, which is further testament to the popularity of more ruraly located properties but also shows that new builds are also popular with the current buyer audience.Bearsden and Milngavie both still selling well with excellent interest in luxury apartments especially those with lifts.   The family market around the £300-400k mark is selling particularly well.  Record prices for both the Hillfoot area and Roman Court luxury flats.Lack of quality stone properties availa... James Lang

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Bridge of Weir : Third Quarter Report 2018

Bridge of Weir Q3 Market Review By Murray Houston   Bridge of Weir has continued to enjoy a fantastic 2018 and Quarter 3 was no different with market activity remaining strong during the traditional holiday months of July and August with attractive family homes enjoying high demand and strong sale prices.    The common trend of clients feeling confident in regarding the sale of their home has been a welcome constant this year. Where we have found some resistance in the field is simply in our levels of active stock. Buyer demand is far out-stripping supply at the minute, however in all honesty that is a welcome problem for us to have.    Across the last three months, we’ve found a third of properties are selling at competitive closing dates and many are achieving premiums well in excess of home report valuations. This is in part a result of a lot of ground-level work by the Corum team at Bridge of Weir who have proactively sought out buyers throughout the ... Murray Houston

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Largs : Second Quarter Report 2018

The second Quarter of the year is traditionally the most buoyant for both sales and commissions and 2018 was no exception. Largs and all the surrounding towns and villages showed significant increases in viewing levels and properties with asking prices between £120,000 and £250,000 now showing price increases for the first time since the credit crunch in 2008. Average selling time has also dropped dramatically this year with the majority of properties spending less time on the market than the last ten years. The number of properties being listed for sale however is dramatically less than it was in the boom of 2007 and this reduction of available units is helping increase demand over supply. Competition between estate agents is intensifying all the time but the branch has listed its highest number of units in a six month period since we opened our doors in 2010. Bungalows and mid range family villas are still proving the most attractive properties for buyers of all age range... Neil Bremner

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Netherlee & Clarkston : Fourth Quarter Report 2018

Netherlee & Clarkston 4th Quarterly Report  By Marc Leslie    A strong finish to 2018 was the icing on the cake for a strong year in Netherlee and Clarkston, with the market being particularly buoyant throughout the year and notable so at the tail end of the year.  The recurring theme for 2018, as was the case across Scotland, was demand outstripping supply. The knock on effect of hungry buyers and limited stock was significant premiums and circa 90% of our sales exceeded Home Report value.  We would anticipate the theme of strong demand and limited supply to continue throughout 2019, therefore delivering outstanding customer service is paramount and being able to provide more bespoke and creative marketing/sale solutions for our clients will be fundamentally important as the market evolves. Our market share in the area has increased significantly and this is in no small part down to the excellent relationship we've been builidng with our customerbase. ... Marc Leslie

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Newton Mearns : Fourth Quarter Report 2018

Newton Mearns Quarter 4 Report, 2018 By Mark Jamieson   The final quarter of 2018 realised 16 million pounds worth of property sales from Corum Newton Mearns.    This was largely made up of family homes between £250,000 and £500,000 with two particular landmark sales well in excess of a million pounds.    Market sentiment at the last quarter confirmed the ongoing imbalance between demand and supply where there is greater demand within the suburban markets of East Renfrewshire.    Buyers have yet again impressed upon vendors and selling agents they are looking for both quality and quantity when being asked to pay premium prices within the East Renfrewshire market. The desire to move seems to be imbedded within the market place and with there being some considerable new build at Maidenhill coming out the ground at the end of 2018 beginning of 2019, this we suspect will further fuel the market place within the area.   The notable mi... Mark Jamieson

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Shawlands : Fourth Quarter Report 2018

Fourth Quarter Report and a look at 2019 By Ewan Blair   Ultimately it was a successful end to 2018 for our Shawlands branch, however like the year on a whoile, it certainly wasn’t without it’s challenges.  Low supply and high demand was the tune of the year, with buyers clambering to win the limited stock that was coming to market. The knock of effect is that sale prices continued to grow and home reports were consistently being pipped.  Buyer interested was never dismayed at any point, and low mortgage rates and a numerous financial products being readily available helped fuel the appetite.  The biggest demand was in the £200k to £400k price bracket with areas such as Strathbungo and Newlands delivering excellent performances.  There was little to no dialogue surrounding Brexit and that’s given us optimism for 2019. Many sellers commissioned us at the tail end of the year with a view to launching in January/February and that has ... Ewan Blair

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Troon : Third Quarter Report 2018

Troon Quarterly Report  By Colin McCrossin   Buyers in Troon area continue to show a distinctive appetite for properties up to the £500,000 mark this third quarter, a market dynamic which reflects the challenge that current tax threshold represents for the upper market segments.    Our local team has seen overall positive results in terms of sales and activity levels in Troon and a very dynamic entry-level market with a 10% increase in properties between £100,000 and £500,000 being sold year to date compared to 2017.    The Land and Building Legislation Tax which replaced stamp duty in April 2014 continues to put the brakes on sales above the £500,000 mark in the local area. As a consequence we have to highlight the importance of accurate and realistic home report values, which in turn helps us provide our clients with the very best level of service and indeed a swift and satisfactory sale.    In the higher property price ... Colin McCrossin

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West End : Third Quarter Report 2018

West End Q3 Report   By Chris Breckenridge        As has been the theme for 2018, demand continues to outweigh supply, and the West End has been busier than ever with record sales prices being recorded in our Hyndland Road office.    It would be silly not to touch upon the current economic and political uncertainty on the horizon and of course, there are concerns. However, the market here continues to outperform the rest of Glasgow and long may it continue. Looking at the bigger picture, the property market may have been showing signs of stress in other areas of the UK, but remains remarkably buoyant in Scotland. We find that we are consistently generating sales over home report value and seeing homes going to closing dates, due to buyers competing for the limited available stock.   We have seen a wide range of buyers including, first time buyers with help from the “bank of mum and dad”, down-sizers, up-sizers and what seems... Chris Breckenridge

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