In the 18th century, Scotland’s largest city was a major player in the Enlightenment, helping to advance science and usher in a new period of world history. As the years passed, Glasgow continued growing as it became a stop-off point for traders doing business in North America and the West Indies. Then, the Industrial Revolution brought factories to Glasgow and the city pulled in still more residents.
Today, Glasgow is the third largest city in the United Kingdom. The surrounding area accounts for almost half of Scotland's total population. If you plan on selling a house in Glasgow at any time in the near future, you are in luck. Due to growing demand, Glasgow properties are some of the hottest in the UK.
If you own Glasgow property, now is an excellent time to sell. If you need money fast and don’t have time to deal with putting your home up on the market, close the deal with Spring today. We’ll give you a fair price and pay you in cash.
Why the Glasgow Property Market is Heating Up
The main reason why Glasgow’s economy is surging forward is that the London economy is cooling off. Today, Londoners are looking to move away from the city. London is getting too expensive and crowded and salaries are not keeping up with the rise in rental properties.
Additionally, EU citizens who want to move to the UK are also considering other options. Glasgow– with its spectacular historical attractions and clean air– is high on the list.
In addition to people looking to purchase Glasgow homes, companies are also trying to move to Glasgow. When companies move, so do their employees. The recent influx of business moving to Glasgow has caused demand for all kinds of properties to skyrocket, driving up costs. Here are just a few reasons why an increasing amount of people want to call Glasgow home.
- Unlike many UK cities that were rocked by the 2008 global financial meltdown, Glasgow’s economy managed to put up good numbers throughout the crisis. The rest of the world is beginning to recover now, but Glasgow is ahead of the game.
- People are moving to Glasgow because there are many high-paying job opportunities. Glasgow has a diverse economy, with particularly strong numbers in the health, retail and education sectors.
- Experts predict that jobs figures will continue to rise. Between 2000 and 2008, jobs grew 14 per cent.
- Glasgow residents make an average of 474.9 GBP per week, which is a higher number than other cities in the UK.
- The population will continue to grow, driving up the cost of a property. By 2018, Glasgow’s population is expected to hit 600,000.
Investing in Glasgow now is a smart move for those who can afford it. Also, people who have a property to sell can move fast and turn a big profit.
The Mathematics of Property
If you aren’t up on the latest statistical data, you could stand to lose thousands. Here are just a few counter-intuitive research-based facts that are sales staff takes into account when they sell a property.
- Selling during the off-season means waiting longer to sell. When properties do sell, they sell for much less than their worth.
- Superstitious numbers like 666 and 13 have been proven to have a subconscious psychological effect on buyers that influence them to move on and consider other options.
- Optimizing the price using psychological techniques often triggers a bidding war, driving up the final price of the house.
If you don’t want to sort through the statistics, get a free instant cash offer today from Spring. We’ll handle the sale for you and give you money up front so that you can start the next phase of your life.