| Comment | People keep saying this but I'm not convinced homes are actually overpriced.
In London and down south, yes, but in Scotland I'd say much of the market is actually undervalued.
A nice one bed flat in the city centre pre COVID was going for around £180k. That is a Glasgow city centre premium as similar flats outside Glasgow would go for about £120k or less.
During COVID I noticed prices dropped in Glasgow to around £150k for the same flats that were once £180k. Not sure what prices are doing now as I moved over COVID.
Just outside of Glasgow is a different story though. You can buy a 2 bed home 20 minutes away for less than £100k, and a decent home at that. £200k and you can pretty much buy whatever you want, luxury flats, big homes, lots of bedrooms. The biggest "forever homes" outside Glasgow rarely go for over £450k. Given they are for people in their 40s or 50s, that's not outrageous.
I think if you look just outside Glasgow, there are really good deals to pick up. |
|---|