As of December 2020, the average house price in Glasgow is around £193,000 (almost a 5% increase from December 2019). From our own experience and that of active estate agents in Glasgow, the market is busier than ever with properties selling extremely fast. Whilst central Glasgow is performing exceptionally, Glasgow’s suburban areas are expected to see the largest amount of growth moving forward in to 2021. This is in part due to homebuyers changing attitudes to city living, drawing them towards the affordability, larger properties and access to nearby green spaces that more suburban life can offer. For repossessed property investors this change in preference is a massive opportunity, with many repossessions traditionally being sourced on the fringes of cities.
A third of Scotlands total population live in and around Glasgow, making it an extremely attractive city for both domestic and international investors. Glasgow has the largest economy in Scotland too and the fourth largest economy in the UK, being worth almost £27 billion a year according to the Centre for Cities. Glasgow’s regeneration story from heavy industry to a city based on education, health, financial and business services is far from over. There is no better time to Invest in repossessed properties in Glasgow, subscribe to repoessessedhousesforsale.com to search for you next investment opportunity in Glasgow.