House Prices and Tenant Demand In Glasgow Continue to Rise. Why?
Last updated: 1.11pm, Tuesday 14th March 2023
Scotland has the highest performing monthly price increase and the 3rd highest year on year in the UK.
House Prices Are Set To Quadruple in a Generation.
by Gordon Campbell
March 2023
“Do Not Wait To Buy Property, Buy Property and Wait”
There is no recession in the UK.
There are some economic headwinds and challenges, as there is all over the world.
Whilst the headlines remain doom and gloom over the housing market and the economy, the reality is that the key metrics of housing supply and demand are in line with the pre-pandemic averages (2017-2019).
Scotland has the highest performing monthly price increase and the 3rd highest year on year in the UK.
Why?
February 2023 House Price Index
The economic underlying economic trends are still strong.
People are still spending.
Population is growing.
And in property, there is more demand than supply. There always will. That will not change.
The current economic headwinds, that is not a recession, is not affecting the property market.
House prices in Scotland, especially Glasgow are continuing to rise.
Rental demand and new properties coming to the market are seeing a large increase in rent values.
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