Glasgow's Authority on Property

Market Reviews

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

Third Quarter Report 2018

Quarter 3 Market Report   By John Kelly     The weather may have cooled of late but the market continues to flourish, even in the absence of sunshine, with stellar performances being reported from each of branches across Glasgow and the West.    In general terms it’s still very much a ‘sellers market’ with inventories of current stock relatively low and supply still some way short of buyer demand. This has been the case throughout 2018 and the market shows no signs of changing tact anytime soon, although recent Corum led consumer feedback would indicate that this is by no means putting off potential buyers.   Buyers are still proving to be hungry and throughout Scotland we are seeing competitive closing dates and premiums well in excess of home report. Quite simply, we're finding that the properties we list are flying - our biggest issue is simply getting enough stock to feed the market.    In spite of a marginal increase in Ban... John Kelly

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Ayr : Third Quarter Report 2018

Ayr Q3 Market Report By Bruce Patterson   Motivated by affordable financing options and keen to make a move on the property market, local buyers’ mood has only been dampened by a fundamental lack of supply in Ayrshire this last quarter.    Despite August’s 0.25% increase in base interest rate, the property market in Ayr continued at a lively pace, with a steady stream of committed local buyers trading up as well as buyers relocating form further afield in search of better value and retirement options.    Fierce competition between lenders has resulted in some amazing deals currently on offer. One fine example: the number of products available for first time buyers has increased from around 60 at the beginning of 2017 to almost 300 at present, giving plenty of option to aspiring homeowners.    These strong fundamentals have given rise to an increase in the number of Closing Date sales which has resulted in key properties regularly achieving... Bruce Patterson

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Bearsden : Third Quarter Report 2018

Bearsden Q3 Market Report By Ross McMillan     As is true to normal third quarter trends in most years, there has been a slight drop off in the first part due to school holidays, although we now expect the Bearsden & Milngavie market to follow suit with the rest of the west of Scotland and pick up pace as we move toward the tail end of the year.   This return to form is evidenced by a solid September which produced a voluminous increase in listings, viewings and registered interested, with quarter 3 coming to close with a number of excellent sales. The mid-market, properties in the £250,000-£500,000 bracket, has performed admirably over the course of the year and we are continuing to see excellent traction in homes at this price point. On top of that, a buyer-heavy market is pushing premiums well beyond both asking price and stated home report values.   The sheer number of interested and motivated buyers is def... Ross McMillan

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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 : Third Quarter Report 2018

Netherlee Quarterly Report  By Marc Leslie    As we close out the third quarter of 2018, the market continues to remain remarkably buoyant despite the supposed woes that some of the large corporate firms would have consumers believe.  Ultimately the market is favouring the seller, as has been the case for most of the year so far, and demand continues to outstrip supply. Significant premiums, well in excess of both asking price and home report, are regularly and consistently being achieved, in fact through our Netherlee & Clarkston branch 90% of sales are exceeding the stated home report value.  Whilst this is without doubt good news for the area as a whole, it is still important to appreciate the level of work required to achieve said outcomes. At Corum, we have worked diligently throughout the course of 2018 to build a buyer database that is hungry and motivated to purchase and have definitely seen the benefits ... Marc Leslie

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Newton Mearns : Third Quarter Report 2018

Newton Mearns Quarter 3 Report By Mark Jamieson   The market continues to see an imbalance between supply and demand where largely there are more buyers than properties for sale within the East Renfrewshire area.  A total of 21 million pounds worth of property sales were brokered by Corum Newton Mearns during the traditional summer season and this demonstrates tangible activity within the market place.  Traditional stone houses within Giffnock, three and four bedroom family homes within Newton Mearns along with the hotspots of Clarkston and Eaglesham dominate the headlines where closing dates are still evident albeit the market has seen a reduced number in the summer period. The holiday months within East Renfrewshire can be a real distraction for the market place, however we have continued to see good levels of activity and “for the right property” buyers still go all out to secure their long term dream home.  Buyers expectations continue to be high wit... Mark Jamieson

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Shawlands : Third Quarter Report 2018

Shawlands Quarterly Report  By Ewan Blair   Plenty of keen buyers have been enduring the competition caused by limited stock in the busy Shawlands area this quarter. With plenty of financing opportunities to go around and subject to appropriate level of deposit or equity, the only local challenge has been finding property vendors a suitable purchase so they can move forward and put their own home on the market.  Overall, our hard working Shawlands team has delivered a definite strong third quarter of 2018, with slightly higher than expected levels of sales.  The increasing popularity of Glasgow’s Southside reflects in the value and volume of local sales with with homebuyers showing a distinct preference for homes within the £200,000 to £400,000 price bracket. One and two bedroom tenement flats in Central Shawlands show great popularity, with the small observation that altered flat layouts are received with rather underwhelming enthusiasm from buyer... 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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