4th July 2011 back to news

GS Residential review for June 2011

Residential review June 2011

The same old pressures/ features continue to be prevalent in the Greater Glasgow area, with
many areas seeing demand lower than supply levels. We continue to see new introductions
to the market that are sensibly priced selling quicker than old stock, where vendors are stll
holding out for the very best price. I continue to advise sellers of homes to be realistic of the
outcome, and ensure they "engage" with buyers to reach a mutually satisfactory outcome. I
do think that given we really have not seen the usual Spring boom, that activity levels are
likely to stay fairly steady over the summer months, at levels similar to what we have seen in
recent times.
Craig Henderson

Whilst market conditions remain changeable like the Midsummer weather, June has been a
good month for Home Report instructions. It has become apparent that many sellers are now
inclined to contact ourselves, as Chartered Surveyors, to seek advice before considering
placing their property on the market. Market conditions are certainly difficult and it is crucial
in todays market, given the choice of properties available, that in order to achieve best price
in the marketplace that the seller ensures the property is maintained in a good overall
condition, is realistically priced and the Home Report has been prepared by a firm of
surveyors, like GS, who are on the panel of all of the mainstream lending sources and where
necessary can be relied upon by the purchaser for mortgage purposes.
Andrew MacFarlane

Home Report instructions were up considerably in June to around normal market levels. A number of agents are reporting increasing levels of enquiries with a few homes even selling within a couple of weeks of being brought to the market. It is still a great time to consider moving as many properties represent good value for money, even in today’s climate.
Graeme Lusk