Vanilla Square Market Update

It has been a fantastic start to the year for our customers at Vanilla Square, with lots of sales and lettings successes and properties getting snapped up left, right and centre. Glasgow and the surrounding areas are enjoying quite a dynamic market on both letting and sales fronts. Demand for property in the West End of Glasgow, in particular, is at a high, with low levels of stock pushing house prices up towards levels seen pre-financial crash and lots of competition for individual properties. Fewer available properties to rent is also resulting in any new lets being agreed particularly quickly. This is in contrast to many parts of the country and the UK as a whole, with surveyors and estate agents reporting a slow start to the year that is expected to pick up again in the spring, according to the latest RICS Residential Market Survey.
Last Wednesday was a busy one for us as we let out FIVE properties in one day! All properties came to the market mid-January and were snapped up by new tenants within 3 weeks of being advertised. Though to-let property is moving quickly, we still have some brilliant apartment and larger homes on our books at present, from this 2-bed garden level flat in Dowanhill to this superb two-story coashhouse in Cleveden – letting may be the ideal shorter-term option if you are struggling to get an offer accepted in this competitive market at present. For existing landlords and those looking into property letting, you can find out more about our letting services here – this climate provides a particularly good opportunity to get property on the market and let out quickly, particularly in the West End, as mentioned.
We’ve also found buyers for some fantastic properties recently and three homes went to Closing Date with Vanilla Square last Friday alone, all achieving over 10% above Home Report value. A general lack of stock on the market is effectively leading to bidding wars in the most popular West End locales, pushing prices upwards. Again, it’s a great time to get property on the market, though it’s essential to work with a good estate agent who can ensure you find a property to move to, particularly if you are relocating within the Glasgow area. Some West End highlight properties we are currently marketing include this breath-taking 4 bed, tucked away in Park District and this 2-bed Hyndland Road garden flat.
It certainly is a dynamic property market, particularly in the West End of Glasgow at present. Many hopeful buyers and tenants are still waiting to find the right home, so get in touch with us on 0141 229 0210 if you are thinking of selling or letting!
Vanilla Square – highly personal sales and lettings! Whether selling or letting property, you will always be liaising with one of our business partners, which makes our service that much more responsible and approachable. When you instruct us, your property will reach a wider audience as we are one of the few agents who are present on all the major property portals to offer sellers and landlords maximum exposure. If you’re looking to buy, sell, rent or lease your property, or you’re simply considering the idea, contact us by calling 0141 229 0210 or pop into our new office at 711 Great Western Road. One of our partners will be delighted to help and provide you with impartial, expert advice.