Bearsden : Market Review


James Lang

Second Quarter Report 2019

Bearsden, Quarterly Report 

 

By James Lang, Partner

 

It’s been another very productive quarter for Bearsden and the surrounding areas with an increase in market share both in the more suburban areas of Glasgow as well as further afield in rural areas toward Loch Lomond and the Clyde Coast, with some exceptional properties such as Ingleby Green in Rhu and Cragdarroch in Cove being serious standouts.

 

Core residential properties are coming to the market in ever increasing amount, albeit marginally. There has, however, been a notable number of exceptional homes entering at the top end of the market. 

 

Looking back across the quarter, we have handled sales that range from £80,000 through to £1,5m which is testament to the varied offerings currently available to the market. 

 

We have picked up a quite significant amount of business from areas such as Bishopbriggs, Kirkintilloch and Dullatur; it’s great to see that our reputation for service standards and residential performance has reached these areas. We have invested heavily into improving both our marketing offering and, most importantly, our local team to ensure our regional knowledge is much enhanced. 

 

A real positive boost for the local property market which is already driving increased interest is the performance of schooling in East Dumbartonshire and Stirlingshire which have had a number of schools, both primary and secondary, noted as top performing in Scotland.

 

Overall the market remains in a happy place with excellent access to mortgages along with well funded cash buyers returning from down south and abroad. We have had several closing dates resulting in 20 -30 % in excess of asking prices. The shortage of good quality traditional homes is an ongoing issue and clients may be surprised as to how good the market currently is in comparison to the media comment. That said, there are some exceptional new build developments such as Dalnair Castle Estate by FM Group providing everything a family could look for in a home.

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