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We thought our readers would like us to cover some property statistics about different areas across Scotland. If you are a property investor, this information could be valuable to you.
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We are kicking this series off with Glasgow! Known for its Victorian architecture and lively music scene, it has charm and warmth like no other City in Scotland.
Let’s start with the hard facts and finish with some fun facts.
House Prices
Average: The average house price in Glasgow is £185,000.
Average House price increase: 6.8% (from November 2023)
This average rise of 6.8% is higher than the national average in Scotland of 4.7%, demonstrating why Glasgow is indeed a great place to invest when it comes to property.
Monthly Rental Income
Average Rental Cost: Private rental prices were confirmed at an average cost of £1,199 (December 2024)
Average Rental Cost Increase: Average rental costs increased by 6.9% over the year.
First Time Buyers Average Price: The average price paid by first time buyers was £167,000.
Across Scotland, the average monthly rental was up to £991 (from £927 one year earlier).
The average rental in Glasgow, compared to the rest of Scotland can be demonstrated in the chart below;
Rentals per bedrooms: Average rents (December 2024)
One Bedroom: £782
Two Bedrooms: £1,023
Three Bedrooms: £1,260
Four or more bedrooms: £2,162
Average Price Increase FTB: This was 6.7% higher than the average price paid during 2023m which was £156,000.
Homes Purchased with a Mortgage
Average House Price: The average price for a property purchased with a mortgage was £195,000 (November, 2024) Average House Price Increase: This increased by 7% higher than the average price paid during November 2023, which was £183,000.
For the statistics up to November 2024, the average price for ‘detached’ properties in Glasgow increased by 9.9% – yes, you read that right! With the average price for flats increasing by 6%.
Average prices:
Detached: £477,000
Semi-detached: £269,000
Terraced: £230,000
Flats: £157,000
If you are looking to invest during 2025, it would seem that statistics would suggest that Glasgow would be a great place to start.
And now for the fun part…..
Fun Building Facts
Did you know that Glasgow City Chambers actually contains MORE marble than the Vatican City (this will be why it has been used as a filming location)
Glasgow’s underground railway system is the ‘third’ oldest in the ENTIRE world! (Budapest and London are the oldest)
Glasgow Cathedral is the only cathedral on the Scottish mainland to survive the Protestant Reformation in the 1500s.
Under the sea – Robert Chambers wrote a book that provides outstanding proof, that the whole valley between the Campsie Hills to the hills at Cathkin and Glennifer was previously an estuary where the old River Clyde flowed into. One of the pieces of proof was the finding of whale bones in 1855, 40 feet long, that were found in Erskine.
Get in touch with our team for an informal chat about property investment, asset backed investing and much more.
www.murraypropertyholdings.co.uk
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