| Comment | >As the demand and supply mismatch continues, Glasgow comes up as the most competitive city to buy a home, measured by number of people enquiring about each available property, followed by Stirling and Sheffield.
>John O’Malley, CEO at Pacitti Jones in Glasgow, said: “The Glasgow property market is still very much in favour of the seller – and whilst it is great for those selling, it can be a turbulent experience for buyers. As we are seeing properties being snapped up in a week, understandably sellers are hesitant to bring their own property to the market until they have agreed the purchase of their next home.
>“This is making it difficult to bring liquidity to the market and means that buyers are then missing out due to the numbers competing for the same property. As we are seeing 50+ viewers and offers being made within days for every property coming on the market, those without anything to sell are still able to move more quickly and therefore remain in favour. This lack of supply then results in more demand for available properties and inevitably means property prices in Glasgow remain high.” |
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