Annual House Price Growth in Our Main Area: The Highest in Scotland at 12%
Last updated: 8.56am, Friday 21st July 2023
Our main investment area has again had the highest regional house growth.
Here is the detail and how you can benefit from it.
By Gordon Campbell
July 2023
On a recent blog we shared the Q3 2023 House Price, Rental and Economic Update that detailed the reasons for the strong economic and rental growth and demand in Glasgow.
Here is the link.
In this blog we will detail the reginal house price growth in Scotland and the breakdown by local authority area, showing Inverclyde, our focus area, again as the highest year on year growth from April 2022 to April 2024.
House Prices Have to Be Looked Locally, Not Nationally
When you hear or see house prices in the UK on the main stream media as increasing or decreasing, it is very important not to assume that refers to all properties in all areas.
Properties in areas of Glasgow are very localised.
That is why our 44 years of combined experience find you the best properties, best price, best location, best rental demand, best yields, cash flow and best capital growth.
That does not happen by chance.
That is years of experience, knowledge and expertise.
Why Inverclyde?
We decided to focus on Inverclyde over 3 years ago as the Glasgow City property market was at a peak and there was lesser value of yields and returns that met you would expect to get from us.
And less opportunities for supply of properties.
We do sometimes get properties in other areas, but they have to be and are great properties and offering our stringent criteria of requirements.
For Inverclyde area, we knew that due to expanding and continued infrastructure of road, rail, ports, businesses, housing, leisure, as well as the employment and population growth, it would lead to economic and property growth.
And it has.
How Was the Inverclyde Market in 2021 and 2022?
In the year end of July 2021, the house price growth in Inverclyde was 13.9%.
And one of the highest in the UK.
In the year end of February 2022 compared to February 2021, the growth was 14.9%.
Thank you to all investors who have bought from us and to the 100+ investors who have bought from us in that time for properties in Inverclyde.
We appreciate it very much.
You trusted us to what we said and in providing you unique and exclusive off market, below market value, high yield and high capital growth properties that are in demand.
That has happened.
You will continue to reap the rewards.
Scottish Regional House Prices April 2022 versus April 2021
Inverclyde area is confirmed as the highest growth in Scotland by far at 12%.
Annual price change for Scotland over the past 5 years
Summary
Thank you for reading.
We hope this blog has been helpful for you.
If you have not spoken to us since being introduced and you have any questions you would like to ask in how we can help you get started, please contact us.
It could be the best decision you make in building your property portfolio,
Alliance Property Group. Making a Difference