Glasgow City Centre Housing Sales Market Review | Autumn/Winter 2020
"Glasgow City Centre has seen a sharp increase in activity since the lockdown restrictions were lifted with the greatest demand being concentrated in prime locations and properties.
Despite increased working from home, and potential lifestyle changes, the City Centre remains a desirable destination for urban living, especially larger apartments with balconies or good communal gardens..”
Lisa Pitchers, Branch Manager & Valuer, Rettie Glasgow City
- The average house price in Glasgow City Centre in September 2020 was over £205k, up +7.8% year-on-year
- Supply between July and September, since the lockdown was lifted, has been 38% higher than the same period in 2019
- The overall value of property sold in the City Centre in 2020 remains -55% down on 2019 levels
- When sales have been above valuation Rettie & Co, have achieved an average of £16k above Home Report values