State of the Property Market – Spring Update

Spring is a good time to take stock of the property market at present, in Scotland and the UK as a whole. According to Zoopla, in the last 12 months house prices have increased by 3.79% in Clydebank, by 9.91% in Dumbarton, by 7.71% in Helensburgh and 1.58% in Paisley.

A Sellers’ Market

Now is a particularly good time for property sellers and buyers alike. With mortgage approvals at an all-time high, there are plenty of people searching for the right home. Sellers have a captive audience of buyers with the capital they need already in place, leading to a competitive market.

From first time buyers, investors and people who want to move location or upgrade to bigger properties, our current lists of active, vetted buyers are filled with buyers looking for their next dream home.

Buyer confidence                            

At the end of 2016, it was reported that mortgage lending figures were at their highest since 2008 and 12 % higher than in 2015, with the property market ending 2016 on a positive note. What’s more, an estimated £20.4 billion in home loans was provided in December alone, and we have seen a clear follow through on this well into 2017.

From experience, we have witnessed the current market as being full of keen buyers who already have mortgages in place. With the right guidance it’s a perfect climate for both sellers and buyers to take the next step on their property journey.

As one of the West of Scotland’s longest-standing estate agents, we have had lots of experience managing the ups and downs of the housing market in recent times, so you can be confident you’ll be in safe hands when working with us. With an expert team by your side and a variety of properties on offer, including both property to let and homes for sale, Caledonia Bureau are confident that we can match you with the right home. Give our friendly team a call today, choosing from our offices in Clydebank, Helensburgh, Dumbarton and Paisley.

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