| Comment | No doubt there is always a risk when buying in a transitional area. Average property values in Govanhill have gone up 15% in the last 5 years and 22% in the last 10 years in Govanhill. In fact, the property value trend in Govanhill has been ever so slightly higher than the Glasgow average for the past 20 years so it is actually slightly less risky than buying the average property in Glasgow. Add that to the way it is gentrifying and I would say there isn't actually that much reason to suggest that you are more likely to lose money buying in Govanhill than anywhere else in Glasgow. Where people can really take a bath is buying new builds on spec that don't work out. |
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