Property Investment - Glasgow Off Plan - The Price is Right"Glasgow has seen a major investment in the regeneration of its city centre over the past few years. Areas which were "out of bounds" are gradually being improved and more popular for new homes" states Damian Qualter MD of www.BuyProperty4Less.com one of the UK's leading Property Investment Companies.
"Property Investment, especially in the off plan property arena is becoming big business for investors often who are based in the South. They see the potential and are often more confident to invest into emerging areas of city centres that are being regenerated as the often have first hand experience of what has happened closer to their own homes in London"
"We have sold several developments in Glasgow recently - the demand has out-stripped supply. We look for properties that have genuine discounts which we verify independently using RICs valuers to underpin the potential of any new investment we take on. Housing Stock in these areas has been traditionally Local Authority owned but now that is gradually changing. The demand for quality apartments outside the city centre has increased dramatically and is surely an indication for future growth potential. we aim to get minimum of 15% discount and negotiate the lowest deposit possible to make the deal attractive for our investors. growth has been predicted in these area of 10%.
Glasgow is a vibrant city offering a wealth of cultural and recreational opportunities. Not only does the city have a passion for Football it also thrives on it's cultural influences"
So what makes Glasgow such a "Hot Spot"?
1. High predicted growth
2. Major regeneration in city centre and surrounding areas
3. Housing stock relatively cheap compared to other city centres
4. Low deposits ONLY (typically 1-3%) on exchange of missives (contracts)
5. Strong Rental demand
6. Major Improvement to local transport links
" I firmly believe there is still a lot of property investment opportunities available in Glasgow but you must be sure to pick in the right areas. Many part of the city centre are overpriced and do not offer landlords the returns they need for the investment to be viable. We are currently about to launch a new scheme in the Lambhill area of the city comprising of 15 x 2 bed apartments ranging from £109,500 -£131,500 BEFORE a 15% discount. rents in the area are approximately £500-550pcm which offers a reasonable return for our investors. we have sold 4 properties even before we have launched them to our members"
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