Scotland Proves Affordable for Home Buyers
When the property market opened again following the pandemic in June of 2020, we saw an unprecedented demand for family homes – three and four-bedroom houses in particular – with prices skyrocketing against a backdrop of low interest rates and historically low mortgage rates. People were re-evaluating what they needed and wanted from their homes, with more outside space and more extensive gardens resulting from being in lockdown on- and off- for two years. However, after this boom, the property is finally starting to cool off, and we are entering a new phase in the property market.
After periods of intense growth, a price correction and slowdown is normal – especially, according to Zoopla, the House Price Index found that some areas saw ten years of growth in just two years.
The average UK property now costs £258,000, but this figure varies vastly from area to area. Kensington and Chelsea in London see prices five times that amount, whereas in East Ayrshire, the average house price is less than half of this.
The most expensive areas in the UK are in inner and greater London, Elmbridge, Buckinghamshire and Chiltern. By contrast, five regions of Scotland are in the top 10 cheapest areas in which to live:
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- East Ayrshire: £102,300
- Inverclyde: 103,100
- West Dunbartonshire: £106,900
- North Ayrshire: £111,100
- North Lanarkshire: £114,800
West Dunbartonshire is an affordable area and a great place to live. We have several properties for sale:
Strathleven Drive, Bonhill, Alexandria G83 9PH
West Dunbartonshire
Offers Over £225,995
Offered to the market an excellent internal order throughout its well laid out family accommodation, this executive Detached Villa has been extended to provide a pleasing and flexible layout which must be viewed to be appreciated.
Hillcrest Avenue, Duntocher, West Dunbartonshire
Offers Over £209,995
A well-proportioned, corner-sited Detached Villa at a popular address within Duntocher offering a Porch, Lounge on an open plan with Dining Room, Kitchen, Three Bedrooms, and Refitted Bathroom. Gas CH, D/Glazing, Corner Gardens, Off street parking to garage. Early viewing is advisable.
Barns Street, Clydebank, West Dunbartonshire
Offers Over £175,000
Offered to the market at what Caledonia Bureau considers to be a competitive asking price is this rarely available End Terraced Villa which offers generously proportioned family accommodation and needs some updating. However, this has been reflected in the attractive asking price. With many original features retained and a distinctly warm charm and characterful layout, the agents anticipate a great response from their marketing endeavours.