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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
konastab01-
Know two pretty good developers (also mates), both do a decent job (rare), both have just sat this one out and looking at their own houses/family projects instead, both say its way too hot to get in on anything as lots of have a go developers just bid each other up*
*I mean this is often the case, but never like this before.
BrickMan
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.