The Property Market Is Changing and What You Need To Know, Now
Last updated: 9.16pm, Wednesday 29th March 2023
The UK property market is continuing to change, and especially in Glasgow.
It is important to know this and how it can benefit you.
by Gordon Campbell
March 2023
The UK property market is continuing to change, and especially in Glasgow.
There is more demand than supply on the open sales and rental markets.
Prices continue to be strong.
New properties to the rental market have increase rents and demand.
Finding off market or below market value properties in the open sales market is non-existent.
With the UK population expecting to reach 70 million by 2031, the demand for housing is only going to increase, and the existing shortage of housing will become even more acute.
We highlighted that in our last blog, House Prices and Tenant Demand In Glasgow Continue to Rise. Why?
What Does That Mean for Future House Prices?
House prices will quadruple within the next generation.
In 5-10 years’ time a first time buyers ability to buy will be almost out of reach for the average person.
That will mean a nation of renters.
The only question is who is going to be the landlords?
Will you be one of them?
So what does this mean for property investors?
The housing market is driven by supply and demand more than any other economic factors.
The issues that we may face is that will the demand being as high as it is and only growing, the cost of property is likely to soar.
Great for those who have already bought and are holding or looking to sell but what about those looking to invest?
You need to be serious about buying now.
Waiting for that perfect time or deal may never come while the market and demand increases.
Let me be clear.
- Prices are going up.
- They are not coming down.
- Properties under the Stamp Duty threshold of £40,000 are harder to find.
- With the unique and exclusive reduced buying price, the capital growth and the rental income and increasing rents and yields achieved during a medium to long term strategy of 6 to 10 years, you cannot go wrong.
That is why property is the world’s best class investment strategy.
Do not be in the expectation or hope that prices will fall or wait for that perfect deal.
We currently do not sell to UK investors.
They can only dream off what we offered if we sold properties to them.
The properties and service we provide to you is truly unique, exclusive and personal.
- Off Market
- Below Market Valuation
- In the right area of capital growth, population growth and huge demand.
- One stop solution from Alliance and our Power Team to hold your hand at every stage of the process with our 40+ years of knowledge, expertise and proven track record of success individually and as a business.
If you’re currently investing or looking to invest in property, and if any questions on anything, let us know and we will be happy to help in any way we can.
Thank you for reading.
Alliance Property Group. Making A Difference.