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Anticipating a Housing Market Recovery in 2024: Insights and Expectations

Anticipating a Housing Market Recovery in 2024: Insights and Expectations The UK housing market, like many other sectors, experienced its share of challenges in recent times. However, there's promising news on the horizon as official figures indicate a potential recovery in 2024. According to recent UK government reports, average UK house prices fell by only £4,000 last year, marking a 1.4% decrease in the 12 months leading up to December 2023. This slight decline, albeit an improvement from previous months, sets the stage for an anticipated rebound in the housing market dynamics.   Understanding the Figures and how it will affect the uk housing market The modest decrease in average house prices offers a glimmer of hope for homeowners and prospective buyers alike. While a £4,000 reduction in prices may seem significant, it represents a relatively small decline compared to the economic uncertainties and market fluctuations witnessed in recent years. This indicates a degree of resilience in the housing market and hints at the potential for stability and growth in the near future.   Factors Driving the Recovery of the housing market Several factors contribute to the optimistic outlook for the housing market in 2024: 1. Pent-up Demand for homes: The easing of pandemic-related restrictions and the gradual return to normalcy have unleashed pent-up demand in the housing market. Buyers who postponed their purchasing decisions due to uncertainty are now re-entering the market, eager to capitalise on favourable conditions. 2. Accessible Mortgages and improved mortgage rates: One of the driving forces behind the anticipated recovery is the availability of cheaper mortgages. First-time buyers and cash buyers, in particular, stand to benefit from more affordable borrowing options, enabling them to enter the market with greater confidence and purchasing power. 3. Economic Stability: Despite ongoing global challenges, the UK economy has shown signs of resilience and recovery. Stable economic conditions, coupled with supportive government policies and incentives, create a conducive environment for sustained growth in the housing sector. 4. Market Sentiment: Positive forecasts from economists and industry experts contribute to a sense of optimism and buoyancy in the housing market. Confidence among buyers and sellers is essential for driving transactions and stimulating overall market activity.   Preparing for the Shift in the market, whether buying or selling your home As the housing market gears up for a potential recovery in 2024, it's essential for stakeholders to prepare accordingly: 1. Buyers: Prospective buyers should seize the opportunity to enter the market while conditions are favourable. Conduct thorough research, explore mortgage options, and be proactive in your property search to capitalise on potential opportunities. 2. Sellers: Homeowners considering selling their properties should assess market conditions carefully and price their homes competitively. With increased demand expected, sellers may benefit from heightened interest and quicker sale times. In conclusion, the forecasted recovery of the housing market in 2024 brings renewed optimism and opportunities for buyers, sellers, and industry professionals alike. By leveraging favorable conditions, exercising prudent decision-making, and staying attuned to market developments, stakeholders can position themselves for success in the year ahead. Please note that while the information provided is based on reputable sources and expert opinions, market conditions may vary, and individual circumstances should be taken into consideration when making housing-related decisions.   Talk to our experts about buying or selling your home If the above summary has given you the motivation to begin your house search, then get in touch today. We at Home are one of the most trusted independent estate agents in both Glasgow and Edinburgh and we work tirelessly for our clients to ensure they find their dream home and meet their goals. To get in touch, please phone 07833 564 331 or e-mail innes@home-west.co.uk
In: Property Market Updates

The Surging Demand for Rented Properties in Glasgow’s Southside: A Thriving Hub of Urban Living

The Surging Demand for Rented Properties in Glasgow's Southside: A Thriving Hub of Urban Living Glasgow's Southside has emerged as a vibrant and sought-after neighborhood, attracting an increasing number of residents looking for a unique blend of urban living and community charm. One noticeable trend in recent years is the surging demand for rented properties in this bustling area. In this blog post, we'll explore the factors driving this demand and why Glasgow's Southside has become a hotspot for those seeking the perfect rental property.   Cultural and Recreational Appeal Attracts Tenants to the area Glasgow's Southside is home to a rich cultural scene and a variety of recreational amenities. From the iconic Queens Park, offering serene green spaces and stunning views of the city, to the bustling Shawlands area with its trendy cafes, restaurants, and shops, there's no shortage of things to see and do. The thriving cultural scene, combined with numerous events and festivals, makes Southside an attractive choice for those looking for a dynamic and engaging lifestyle.   Diverse Housing Options Mean Better Choices When Renting The Southside of Glasgow boasts a diverse range of housing options, catering to various preferences and budgets. Whether you're looking for a modern apartment in a newly developed area or a traditional sandstone house with character, Southside has it all. This diversity appeals to a wide demographic, from young professionals to families and students, contributing to the increasing demand for rental properties.   Transport Connectivity means the Southside is central to many locations The excellent transport connectivity in Glasgow's Southside is another factor driving the demand for rental properties. With efficient bus and train services, as well as easy access to major roads, residents can easily navigate the city and beyond. This connectivity is especially appealing to those who work in the city center or need to commute for work or leisure activities.   Community Atmosphere attracts many to rent in Glasgow's Southside Despite being part of a bustling city, Glasgow's Southside maintains a strong sense of community. The friendly atmosphere, local markets, and community events foster a sense of belonging among residents. This community spirit is a significant draw for individuals and families looking to rent in an area where they can build lasting connections with their neighbours.   Reputable Educational Institutions & Universities attract families and students to rent in the area The Southside is home to several reputable educational institutions, and further education institutes such as the University of Glasgow and Glasgow Clyde College are only a short distance away. The presence of these institutions contributes to the demand for rental properties, particularly among students and academics seeking convenient and accessible housing options.   Conclusion regarding the need for new properties in Glasgow's Southside to rent As the demand for rented properties in Glasgow's Southside continues to rise, it's clear that this area has successfully positioned itself as a thriving hub of urban living. With its cultural richness, diverse housing options, excellent transport connectivity, strong sense of community, and proximity to educational institutions, Southside appeals to a broad spectrum of residents. Whether you're a young professional, a family, or a student, the Southside offers a unique and vibrant living experience, making it no surprise that rental properties in this area are in high demand.   Are you considering letting your home in Glasgow's Southside? If you've read all of the above and have a home or flat which you are looking to let within the Southside and finding yourself encouraged, get in touch with us today. As an established and reputable letting agent within the local area we have two properties currently up for rent in the Southside, with a number of clients waiting on properties to suit their needs. Email us at innes@home-west.co.uk or call 07833 564 331
In: Letting News

Choosing Your Glasgow Neighbourhood: A Guide to the City Centre, Southside, East End, and West End

Choosing Your Glasgow Neighbourhood: A Guide to the City Centre, Southside, East End, and West End Glasgow, a city known for its rich history, vibrant culture, and friendly locals, offers a diverse range of neighborhoods, each with its own unique charm. Whether you're a student, a young professional, or a family looking to relocate, Glasgow has something to offer for everyone. In this guide, we'll explore three distinct areas of the city: the City Centre, the Southside, the East End, and the West End. Hopefully helping you to choose which area of the city you should be looking to rent or buy a home in.   Glasgow City Centre: A Dynamic Urban Tapestry of Culture, Commerce, and History Glasgow's City Centre, a bustling hub at the heart of Scotland's largest city, is a captivating blend of historical landmarks, vibrant cultural venues, and a thriving commercial landscape. Whether you're a history buff, a shopaholic, a culture connoisseur, or a food enthusiast, the City Centre invites you to explore its dynamic streets and discover the myriad experiences that make Glasgow a truly exceptional city. It's not just a destination; it's a living, breathing urban tapestry that reflects the spirit and diversity of Glasgow. Properties in Glasgow City Centre had an overall average price of £207,038 over the last year. Meanwhile, sold prices in Glasgow City Centre over the last year were similar to the previous year.   Glasgow City Centre highlights for homebuyers and renters Royal Concert Hall: A Melody in the Heart of the City: For music enthusiasts, the Royal Concert Hall stands as a beacon of Glasgow's thriving arts scene. Hosting a diverse range of concerts, from classical to contemporary, this venue attracts both local talent and international performers. Its acoustics and elegant architecture contribute to the City Centre's cultural richness. The Lighthouse: A Beacon of Design and Innovation: The Lighthouse, Scotland's Centre for Design and Architecture, is a unique attraction that celebrates Glasgow's industrial heritage and commitment to innovation. Visitors can climb to the top for panoramic views of the city or explore exhibitions showcasing design in various forms. Merchant City: A Food Lover's Haven: Merchant City, an area within the City Centre, is a gastronomic paradise offering a diverse range of culinary experiences. From trendy cafes and international restaurants to traditional Scottish pubs, this district caters to every palate. The historic architecture and cobblestone streets add a touch of charm to the dining experience.   Glasgow Southside: The Hidden Gem One of the city's most sought after areas when it comes to property the Southside is know for its large tenement buildings with high ceilings, as well as larger detached homes. Glasgow's Southside is celebrated for its diversity, creating a rich tapestry of cultures and traditions. From the bustling Victoria Road, with its international markets and eateries, to the various community events that take place throughout the year, the Southside embraces a melting pot of influences. The sense of community is palpable, fostering connections among residents from various backgrounds. And, its quaint bookshops, independent boutiques, and locally-owned cafes that dot the streets offer residents a unique and personalised shopping and dining experience. According to Rightmove Properties in Glasgow South had an overall average price of £210,575 over the last year. Whilst sold prices in Glasgow South over the last year were 5% up on the previous year.   Glasgow Southside highlights for homebuyers and renters: Queens Park: Southside boasts the beautiful Queens Park, a 148-acre green space perfect for leisurely strolls, picnics, and outdoor activities. The park also hosts various events throughout the year, adding to its lively atmosphere. Shawlands: This vibrant neighborhood in Southside is known for its trendy cafes, boutique shops, and diverse range of restaurants. Shawlands is a hub of creativity, attracting artists and musicians to its welcoming community. Pollok Country Park: Home to the Burrell Collection, Pollok Country Park is a haven for art and nature enthusiasts alike. With its woodlands, gardens, and the Pollok House, this park offers a perfect blend of culture and tranquility.   Glasgow's East End: A Dynamic Fusion of Past and Present In recent years, the East End has undergone a revitalisation, with old warehouses and factories transforming into creative spaces. The area is now a canvas for street artists, with vibrant murals adorning its walls. Take a stroll through the streets, and you'll encounter a myriad of colors and messages that reflect the community's resilience and creativity. Glasgow's East End is not just a collection of landmarks; it's a vibrant community on the rise. From community events and festivals to the diverse array of local businesses, the East End is a testament to the city's ongoing evolution. As you explore its streets, you'll witness a community embracing change while honoring its roots, creating a unique blend of tradition and modernity. According to Rightmove, properties in Glasgow East had an overall average price of £188,210 over the last year. Overall, sold prices in Glasgow East over the last year were 4% up on the previous year.   Glasgow East End Highlights for homebuyers and renters: Glasgow Green: The oldest public park in the city, Glasgow Green is steeped in history and is a favorite spot for outdoor events and festivals. The People's Palace and Winter Gardens provide insight into Glasgow's industrial past. Barras Market: If you're a fan of vintage treasures and unique finds, Barras Market is a must-visit. This lively market showcases an eclectic mix of antiques, clothing, independent businesses and local crafts. Think of it as Glasgow's answer to Camden Market. The Barrowlands: This area is renowned for its live music scene, with iconic venues like the Barrowland Ballroom attracting both local and international artists. If you enjoy a vibrant nightlife, the East End has plenty to offer.   Glasgow's West End: Bohemian Bliss The West End's architectural landscape is a blend of Victorian elegance and modern design. Grand townhouses, tree-lined streets, and innovative modern structures coexist harmoniously, creating a visually captivating environment. Each corner tells a story, contributing to the timeless charm of the West End. From the West End Festival, celebrating local arts and culture, to community markets and events, residents actively participate in fostering a sense of togetherness. Acceding to Rightmove, properties in Glasgow's West End had an overall average price of £251,975 over the last year. Meanwhile, sold prices in Glasgow West End over the last year were 2% up on the previous year.   Highlights: Kelvingrove Park: West End is home to the picturesque Kelvingrove Park, offering a peaceful retreat from the urban hustle. The park's Victorian charm, complete with a bandstand and river views, makes it a favorite among locals. University of Glasgow: A hub of intellectual and cultural activity, the University of Glasgow is not just an academic institution but a significant contributor to the West End's lively atmosphere. The university's stunning architecture and the Hunterian Museum are must-visit attractions. Ashton Lane: This cobbled lane is a hotspot for nightlife, featuring a variety of pubs, restaurants, and quirky shops. Ashton Lane's bohemian vibe and diverse entertainment options make it a favorite among students and young professionals.   Conclusion on where you should move to in Glasgow? Each area in Glasgow has its own unique personality, catering to different preferences and lifestyles. Whether you're drawn to the artistic energy of Southside, the historical charm of East End, or the bohemian bliss of West End, Glasgow's neighborhoods offer a diverse tapestry for you to explore. Consider your priorities, be it cultural attractions, green spaces, or a bustling nightlife, and you're sure to find the perfect spot to call home in this vibrant Scottish city. And if you're looking to make the move now as a buyer or renter, please get in touch today on 07833 564 331 or e-mail innes@home-west.co.uk As one of Glasgow most trusted independent letting and estate agents we are on hand to assist you every step of your journey.
In: Glasgow property stories

Deck the Halls: A Guide to Decorating for Christmas at Home

Deck the Halls: A Guide to Decorating for Christmas at Home The most wonderful time of the year is here, and what better way to embrace the holiday spirit than by adorning your home with festive cheer? Whether you're a seasoned decorator or a first-time holiday enthusiast, we've got you covered with tips and ideas to create a magical Christmas wonderland right in your own space.   1. Select a theme to lead your Christmas decor ideas at home Before diving into the decorating frenzy, consider choosing a theme for your Christmas decor. Whether it's a classic red and green color scheme, a rustic woodland look, or a whimsical winter wonderland, having a theme can help streamline your ideas and make your space feel cohesive. It is also worthwhile to select items and styles that will complement the interiors already in place within your home. This will avoid any unnecessary expenses on furniture etc.   2. Emphasise your hallway with decorations to get guests in the festive spirit when they arrive Your front door is the first thing guests see, so make it warm and inviting. Hang a festive wreath, add some twinkling lights, and perhaps place a holiday themed doormat. You'll set the tone for the festive experience that awaits inside. Bonus points if you also consider your front door and porch (if you have one). Think a pine wreath, miniature Christmas trees and perhaps even some red berries.   3. Focus on creating the perfect Christmas tree to become the centrepiece of your home The Christmas tree is the heart of any Christmas dinner or holiday party, taking centre stage in photos and really being the iconic accessory of the holiday season. So it should be given the care and attention it deserves. Start by selecting a real or artificial tree, and then begin the transformation. Add twinkling lights, garlands, velvet ribbon and a mix of ornaments that reflect your theme. Top it off with a star or an angel, and your tree will shine with holiday spirit.   4. Drop in a hint of winter foliage on top of your fireplace and complenebr with Christmas cards and decorations Decorate your fireplace mantel with greenery, stockings, and candles. Consider this to be an extension of your Christmas tree and stick to similar colours and accessories, signing it all off with some signature scents such as gingerbread and cinnamon. Stringing garlands across the mantel and adorning them with ornaments creates a charming focal point. And don't forget to hang your stockings with care for that classic and personal touch.   5. Bring in some festive joy to your home with fairy lights for that extra sparkle Another addition to your Christmas decorating ideas? Lights! Nothing sets a festive mood like the soft glow of Christmas lights. As well as dressing up the outside of your home you can consider string lights on your tree, around windows, or draped along staircases. Meanwhile candlelight is also enchanting, so consider adding candles or LED alternatives throughout your space. When placed strategically they have the power to be quite impactful on your home's entire look at Christmas.   6. Festive fabrics and textiles provide endless opportunity for your Christmas decorating ideas Not for everyones Christmas decoration list, but a themed holiday does come with its own decorations - nowadays this extends to interior items rather than solely ornaments. If you're ready to commit entirely with your holiday decor then swap out your everyday cushions and throws for holiday-themed ones. A cosy blanket with a winter motif can add instant warmth and charm to your living room. Or look at other more subtle introductions through the use of items in traditional Christmas colours or patterns such as tartan. And you may even be able to find branded Christmas slogan items using words such as Noel etc.   7. Making your dining room one to remember, and not just for the food, this Christmas Second only to your Christmas tree is your dining table - the hub of any Christmas dinner celebrations. Create a memorable dining experience with a beautifully set table. Use festive dinnerware, place mats, and centerpieces. Consider natural elements like pinecones and evergreen branches to add a rustic touch and even look at quirky smaller Christmas ornaments or small trees to add in a little charm.   8. Create a family activity by crafting some DIY Christmas decorations Get creative with DIY projects. Make your own ornaments, wreaths, and garlands to add a personal touch to your decor. It's a fun way to involve the whole family in the decorating process.   9. Add some musical ambiance as the backdrop to your Christmas decor this holiday season Don't forget the magic of holiday music. Create a playlist of your favorite Christmas tunes to play in the background while decorating and throughout the season.   Conclusion when it comes to your Christmas decorating ideas? Remember, the joy of Christmas decorating is in the process, so take your time and savour every moment. There's no right or wrong way to do it; it's all about what brings joy and warmth to your home. And if you're looking for a new home or your first home to enjoy Christmas in next year, get in touch with us to discuss your options whether simply buying or also selling. Our team are available seven days a week on 07833 564 331 or e-mail innes@home-west.co.uk
In: Uncategorized

Why October is a good month to sell your home in Glasgow

Why October is a good month to sell your home in Glasgow October is an ideal time to sell your home in Glasgow, as it is the start of the autumn/ winter selling season. The weather is still relatively warmer than those later months, the days are longer and the market is ready to receive your property! Let us explain, as we give you our top three reasons on why selling your home in October is a great idea. Decreasing mortgage interest rates are encouraging home buyers With interest rates steadily falling from mortgage lenders, those who are looking to make a move or buy their first home are feeling more encouraged to find that dream property. The typical rate five-year deal dropped to 5.99%, according to the financial information service Moneyfacts. Meanwhile the average two-year deal has a rate of 6.5%. This is the first time any of us have seen a decrease since July 2023. All of which is encouraging for the property market in Glasgow, as it is showing encouraging signs of strength and signifying that there really is no better time to cash in on your property this year than in the autumn months. In October, there are still plenty of buyers looking for their dream home, and they may be more willing to pay a premium for a property that is ready to move in. Plus, the autumn season is known to be a time of change, and the start of the selling season can be a great opportunity for sellers to showcase their property and possibly even exceed asking price.   More of us are spending time online in Glasgow in October Another bonus of October is that this is when people start to spend more time indoors in Glasgow, meaning they will be spending more time online. All of which will be done within their current home, and I think we can all admit that this is when we start to notice flaws in our property or realise how it is not suited to our needs as much. Meaning, when they do start to take that curious browse of property websites, you home will already be in prime position. And even more great reasons for selling your property in October ... the temperature is still relatively mild and the days are still that touch longer. This all means that buyers have more time to view properties during daylight hours and it gives you the homeowner the chance to showcase your property in the best light and make a lasting impression on potential buyers. All of which improve the likeliness of you selling your home quicker.   The property market is less competitive in Glasgow in the Autumn/ Winter months And finally, sellers should consider the fact that the competition in the market is less intense in October. Although the conditions are all great for selling your home currently, some home owners prefer to wait til the new year before the begin advertising their home on the market. But the truth is, for those looking for a quick sale on their home then October is perfect. With fewer listings but also many keen buyers, sellers can take their time to find the right buyer for their property and negotiate the best price. Quite often you'll find at this time a property will go to a closing date due to demand and the want for buyers to be settled in to their new home by Christmas. Great news for you as the seller as the autumn season offers a unique opportunity for your Homs to stand out and make a lasting impression on potential buyers whilst browsing property websites. Looking to sell your home fast? If all of the above has encouraged you that there is no time like the present to sell your house then please get in touch with us directly on 07833 564 331 or innes@home-west.co.uk Home West is an independent estate agent based in Glasgow with several years experience in the industry and a proven track record for achieving quick sales for our clients. We have a steady flow of potential buyers ready to view available properties and our expertise of the local area give us the edge. Our team are on hand seven days a week to answer any queries you may have and can arrange for a valuation so you are able to assess what you could earn from your property and what can go towards your next dream home.
In: Glasgow property stories

Most requested features in homes for sale Glasgow Southside

Most requested features in homes for sale Glasgow Southside Shawlands is one of the most vibrant and diverse areas of Glasgow. Located in the south side of the city, it is known for its large tenement buildings, pubs, cafés and independent shops. Home to many generations of Glaswegians, it has a strong sense of community and a rich history. The area is popular with young professionals, students and families alike, due to its close proximity to the city centre and excellent transport links. The bustling area is full of life and activity, from local markets to traditional pubs, there’s something for everyone. Shawlands is a great place to explore on foot, with a range of parks and green spaces to enjoy. It is also a great place to shop, with the bustling Kilmarnock Road - the perfect destination for vintage clothing, unique gifts and antiques. But it's not just the area that sells itself, it's the classic tenements and historical properties that are available, making the area popular with anyone looking for a new home. In this latest blog post we're discussing the features that make tenement buildings so popular.   Tenements in Glasgow South have stunning large bay windows One of the most obvious features of any tenement is its large bay windows. Often added to the existing structure of the building, providing an extra layer of protection from the elements and allowing more light to enter the interior. These windows can also be used to add ventilation and create a more comfortable living environment. The large size of these windows also allows for a greater view of the surrounding area and can be used to increase the visual appeal of the building. Commonly they are used by homeowners to house small dining tables, hobby areas or simply used to provide additional seating for guests in a snug style fashion. And this additional space is what makes them one of the most attractive and desirable features to home buyers.   Original fireplaces and features are common in properties within Glasgow South And then another of the historical features, again decorative elements, are the original fireplaces and coving which are unique to tenement flats. Dependent on when the property was built these can be quite common within Glasgow South and truly make an impact within the rooms in which they feature. From extensive ornamental ceilings to original wooden floors and cast iron fireplaces, its these unique details which attract buyers to tenement properties - due to the character that they can introduce.   Tenements in Glasgow South offer large ceilings And finally, the other sought after element with tenement flats in Glasgow - high ceilings. Tenements with high ceilings are highly sought after for a variety of reasons. Not only do they provide a feeling of space and grandeur, with the higher ceilings allowing for an airy feel, but they can also be good for air circulation and ventilation, making them a desirable option in the summer months. The higher ceilings can also help to accentuate architectural features, such as ornate moldings or decorative ceiling roses. The height of the ceilings can also provide a sense of privacy from the neighbors, and they can help to create a more comfortable atmosphere. In addition, many people find that the extra space provided by the higher ceilings can make a tenement much more comfortable, and even more inviting.   Find out more about our current houses for sale and rent in Glasgow South Interested in finding a tenement property to call your own? We currently have three bedroom homes available in our current listings - both to buy and rent. If you are interested in finding out any more information, or indeed if you would like to arrange a viewing, please email innes@home-west.co.uk or call 07833564331.
In: Glasgow property stories
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Read through our latest blog posts for the most recent property market updates. Whether buying or selling a home, renting or even considering letting, we encourage you to browse through our articles – handwritten by our experts to provide you with the best insider knowledge of the Scottish property market.