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I would advise if you don't have to move here right now, don't. It'll cool down eventually. I feel quite a few people are going to have egg on their faces, or maybe no egg's in their food for many years to come with how much they've burdened themselves with by bidding too much.
Theres a corner ground on my street (only the one door for whole tenement), massive garden by tenement standards, took months to sell and honestly it probably went for an actual fair amount (offers over £225, went for £248 eventually). It did need something with mains drains dealt with, saw the builders on it yesterday, took 4 guys 6 hours and its done, so maybe £1-2k of work at the worst? When normal upper floor flats (somehow seen as more desirable because they are brighter feeling) in the immediate vicinity (needing also work) have been in the £240-260 region. Corner ground flats have a bit of extra space too usually.
Dennistoun is kinda overrun already, ship sailed on that one around 4 years ago IMO. Many mates have moved there in the past 10 years and price (esp rent) has shot up like crazy and are now being forced out further east.
Parking is bad there are lots of flat shares and lots of folk drive for work in those parts.
Was walking dog around Scotstoun village (scotstoun conservation area) today in the sun, its really nice, shops aren't great as its Whiteinch, but north of Dumbarton road is safe, nice feeling, very green and leafy and pricing is more stable. Between Dumbarton road and south street is what most people think Glasgow all looks like.
BrickMan-
Dennistouns and shawlands are nothing short of a farce right now with pricing.
As you said there’s gonna be a lot of egg on folks faces when this pending recession finally hits.
I’ve missed out on a ton of flats but now I’m just holding tight and saving more and more every month I don’t buy something. I think people have got sucked into this trap of it’ll last forever 😂
Also everyone a property developer now too, and when you look below the surface it’s all that and most still need money spent on them! 20 year old boiler, as it’s been serviced every year and it’s dead on
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Thanks for info. I really appreciate.
This mythical property recession just hasn’t happened.
I feel like Dennistoun is as far outside the city as I’d want to go. Living in old white person suburbia is literally my worst nightmare.
As mad as the market is in Glasgow, borrowing a quarter mil over 25 years is still cheaper than renting in Edinburgh!
konastab01
bazschmaz
Hey,
The 40% has been in the last 3 months. I’ve been bidding on that postcode. £160 home report going for £240 when it goes to closing.
I’m also only making offers on those kitchen diner / outdoor space/ main door/ garden / corner type flats which are the most sought after in them ends.
Binned of G41 and now looking in Dennistoun - if anyone has any advice.