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 seen an influx of stock come to market in the area.
Already we’re seeing the same buyer attitude as last year and if seller confidence continues to increase then 2019 could be a very tasty year for Scottish property.