Bearsden : Market Review


James Lang

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 EstateCroftamie 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 available for sale and extended period bungalows in good school catchment areas, but when available the sale price is very strong and quick sales are inevitable.

It is becoming increasingly challenging to find a house under £200k with 2-3 bedrooms in any G61 post code.  There has been steady growth in this particular price range and the buyer competition when properties is that bracket comes to market is fast and furious, with sale price consistently pipping home report value.

Brexit has shown no significant effect on pricing or sales, in fact there’s an apathy toward it among both buyers and sellers.

We are experiencing enquires from relocating clients ahead of the Barclays Bank new premises, we also still have a great influx of medics moving home to Glasgow after working away down south. London is not the place evidently to start a family, especially if grand parents live in BEARSDEN or surrounding.

We have active interest in several off market properties north of £1m and this was a consistent theme of 2018 and continues to be so for the 2019.

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