Why Property Investors Flock to Glasgow
In figures published by Hometrack (March 2019) average UK properties values as a whole have grown by 1.7% year on year since March 2018. Whilst positive growth is always a good thing, these figures in isolation aren’t particularly exceptional. However when taking a closer look at the stats throughout some individual cities it’s clear to see that real value can be found in cities such as Glasgow where growth has been particularly strong for a number of years.
Glasgow has comfortably outstripped UK averages in recent times and has experienced strong annual average growth of 5% during the March 2018 – March 2019 time period. This highlights why so many investors are now looking to the Scottish powerhouse for their next property investment.
One of our key roles for clients is to look beyond the averages here in Glasgow and we frequently secure properties which are currently growing at between 6% – 8% per annum.
With an urban population of over 600,000 (and around 1.8 million in the wider Greater Glasgow area) Glasgow is the driving force of the Scottish economy. Also renowned for its culture, academic stature and sporting prowess it is one of Europe’s most vibrant, diverse and characteristic cities.
Why Glasgow continues to thrive:
A Smart, Connected City
Straddling the River Clyde in west-central Scotland, Glasgow sits at the centre of Scotland’s only metropolitan region. The city benefits from a well-developed transportation network that enables excellent connectivity. This therefore makes it easy to do business throughout the UK and beyond.
Digital connectivity in Glasgow meets and exceeds the most demanding technology requirements and expectations of its modern business community.
Glasgow is undergoing a digital transformation with a large investment in full fibre digital infrastructure across the city. This investment in Glasgow’s initial core infrastructure is delivering gigabit-capable broadband to almost all of Glasgow’s businesses and public sector buildings. With modern, fit-for-purpose digital infrastructure at its foundation, Glasgow is rising in the ranks as a UK digital leader. This in turn promotes greater levels of innovation and productivity, making the city more investable.
Voted “Friendliest City in the World”
Glasgow was recently voted “The Friendliest City in the World” in a Rough Guides poll and has been named a must see destination by leading publications including Lonely Planet, National Geographic Traveller, and the New York Time. In addition Finnieston in the West End is regularly touted as the trendiest place to live in the UK.
The diversity of the city, the culture, the vast green spaces, and historical aspects means Glasgow has something to offer everyone. This includes its residents as well as its many visitors.
The UK’s Third Largest Financial Centre
Glasgow’s modern, diverse economy has strengths in a variety of sectors and sub-sectors. More than 48,000 businesses (28% of Scottish companies) make their home in the Glasgow city region, supporting 856,000 jobs (34% of Scottish total).
The city is home to an impressive ‘who’s who’ of blue chip companies, major global organisations and international SMEs. It is the UK’s third largest financial centre and ranks in the top 50 in the world. Some of the biggest names in global business and finance, international leaders in precision medicine and pharmaceuticals, research services, engineering and an impressive range of global brands call Glasgow home. Their presence endorses Glasgow’s status as a world-class business destination.
In the last 5 years, the number of enterprises in Glasgow has increased by approximately 25.9%, a larger percentage increase than both that of Scotland and the UK. This clearly demonstrates the entrepreneurial spirit and business friendliness of the city.
Prestigious Universities & Further Education
Glasgow plays host to The University of Glasgow, University of Strathclyde and Glasgow Caledonian University as well as the world-renowned Glasgow School of Art, The Royal Conservatoire of Scotland and a number of other further educational facilities.
The Glasgow city region has the largest student population in Scotland and the second highest in the UK. This results in more than 185,000 students from 140 countries living and studying here. The city’s institutions of further education graduate around 20,000 individuals per annum ensuring a healthy talent pipeline.
We work with a range of clients in Glasgow, the UK and overseas to help them invest in property in one of the UK’s most thriving cities.
To discuss how we can help you, complete your details in the form and a member of our Investment Team will be in touch.