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April Market Commentary Posted: 25th April 2019
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Overall the local market has started well in 2019 and remains buoyant.

With strong competition among property buyers who are keen to secure family homes close to the many sought after amenities and high performing schools in the area, East Renfrewshire showed the highest average property prices in 2018 at £258,207, with a 6% increase on 2017 (the previous annual increase was 4.5%). Whitecraigs showed the highest average price within East Renfrewshire at £354,764.*

Overall the property market here in East Renfrewshire has been strong, despite economic uncertainty surrounding Brexit. We believe that people are getting on with moving and quite simply have had enough of the to-ing and fro-ing coming from Parliament. We have seen a shortage of homes for sale, especially 3, 4 and 5 bedroom family homes with demand continuing to outstrip supply.Property in the UK takes, on average, 50 days to sell.

In Scotland, this figure is just 39 days and in 2018 Glasgow property takes 27 days.** At Nicol Estate Agents we have seen property sales agreed in around 22 days with several properties sold within days of coming to market.According to recent research, the property features that are most in demand in the UK are an annexe, garage, garden and an acre of land.***

That’s something we have in abundance here in East Renfrewshire as families have extended and improved their property before making a move and most family homes here have a garage and plenty of outdoor space.

With regards to the Brexit referendum, across the UK the rate of house price growth plummeted in the year after the referendum everywhere except Scotland and in our opinion at Nicol Estate Agents, we have seen a slow but steady rise in house prices in East Renfrewshire, very much bucking the trend seen across the rest of the UK.****

We have seen a shortage of family homes and apartments in the Newton Mearns, Whitecraigs, Clarkston, Netherlee, Eaglesham and Giffnock areas, where demand has been outstripping supply, resulting in more closing dates and premium prices being achieved and, in some cases, the highest prices achieved in many years.

At Nicol Estate Agents, we very much see the market here in East Renfrewshire as buoyant and remain ‘cautiously optimistic’ a drop in house prices nor demand to fall in the near future.

If you would like to find out more about the property market in your specific area of East Renfrewshire and would like an honest valuation of your home, contact us today. 

*Rightmove
**Zoopla
***Rightmove
****Which 

Whatever your reason for moving; whether it's for extra space, to downsize or you may simply have found your dream home, Nicol can help. Our knowledge of the local property market helps us develop a marketing plan that's right for you and your property.
We want our clients to be delighted with the service we provide. Listening to your needs and understanding your requirements is our starting point. To find out more about our approach to selling homes, download our comprehensive Guide to Selling your Property here.
If you are planning on selling your home, contact Nicol Estate Agents today for an appraisal of your property. Our Managing Director Douglas Nicol and Estate Agent and Valuer Daniel Cohen carry out hundreds of market appraisals every year, giving them an intimate and unparalleled knowledge of the property market in Glasgow, from city centre apartments to family homes and building plots. We will talk to you about the property market in your area, compare sales evidence, local demand for similar properties, outline our tailored marketing plan and provide details of our sales support strategy right through to completion.