Clydebank sees its ‘quickest sale’ but market slows

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The Clydebank housing market took ‘an enormous hit’ after the current UK Authorities ‘mini-budget’, the proprietor of a neighborhood property agent has instructed the Put up.

Tom Sheridan, who heads up Clydebank Property & Letting Brokers, admits there can be robust instances forward for the native housing market with blowback from the turmoil at Westminster starting to be seen in his each day dealings.

To this point this 12 months, Scotland’s housing market has stayed sturdy, bouncing alongside as if oblivious to the hovering value of inflation, the warfare in Ukraine and the price of residing disaster.

The most recent home value index, printed final week, exhibits the typical value paid for a Scottish house in August was 9.7 per cent up on the identical month final 12 months.

That is down from the 11 per cent rise within the 12 months to July, and down from the 15.1 per cent printed a 12 months in the past.

However Mr Sheridan defined he expects the market to be impacted over the subsequent few months.

Talking about Clydebank and the encompassing space, he mentioned: “The market typically is actually slower.

“We’re doing fewer viewings and there are much less folks searching for a brand new house since that mini-budget.”

Nevertheless, Mr Sheridan outlined a current sale, which he describes as ‘the quickest sale in Clydebank historical past,’ when he put a house at 12 Hood Road in Drumry available on the market at 9am, had a viewing organized at 9.02am, viewing carried out at 10am and a suggestion obtained and accepted by 10.25am.

“There are actually much less viewers, completely,” Mr Sheridan continued.

“It was that we might put a three-bedroom available on the market, and you’ll be inundated, and it could be bought in a number of days.

“However that’s not taking place now, and we’re needing to work tougher to promote it.

“The rental market is robust although; I’m in inundated for leases.

“I believe the market as much as about £150,000 continues to be very buoyant however I believe the upper finish goes to take a blip.

“Due to the price of residing and the utilities it prices have an enormous home.” ,

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