Glasgow Top UK City for Property Buyer Demand

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Glasgow has been crowned the top UK city for property buyer demand, according to the latest and third buyer demand index of the year from Springbok Properties.

Using data from the major property portals, the agent looked at where has seen the largest levels of buyer demand across the UK’s 100 most populated towns and cities, based on the total ratio of the stock listed for sale and that which has already gone under offer or sold subject to contract. 

The research showed up that UK property buyer demand is currently at 39.5 per cent having dropped -2.8 per cent since the second quarter.

Scotland came out well, with Glasgow the hottest spot in the UK for property demand in Q3 at 59.5 per cent, while Falkirk ranks second at 59.2 per cent.

Sale is currently the hottest spot in England with buyer demand at 57.9 per cent, followed by Bristol (57.4 per cent), Worthing (55.3 per cent) and Sheffield (54.6 per cent).

Basildon in Essex saw the biggest increase since Q2, up +4.7 per cent, along with High Wycombe (+4.5 per cent) and Bradford (+3.5 per cent)

Property buyer demand in London has crept up in Q3 to 29.5 per cent from 29.2 per cent previously.

Bexley (53.6 per cent), Waltham Forest (51.3 per cent) and Sutton (46.5 per cent) rank as the hottest for demand in Q3.

Greenwich (+3.7 per cent), Hounslow (+2.6 per cent) and Hillingdon (+2.6 per cent) have seen some of the largest quarterly uplifts in demand.

However, the City of London is the coldest spot for current buyer demand at 8.3 per cent and has also seen the largest quarterly decline, down -7.4 per cent since Q2.

Founder and CEO of Springbok Properties, Shepherd Ncube, commented: ‘In the current political climate, it would seem that the further you move away from Westminster the more appetite there is amongst UK homebuyers and while demand continues to decline, on the whole, the aspiration for homeownership is alive and well in many areas of the UK.

‘Those areas that will feel a direct consequence as a result of our European departure, such as the City of London, prime central London, and Northern Ireland, are certainly the areas feeling the brunt of market uncertainty at present.’

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