Bearsden property sets record for house sale in Glasgow

In the first report of its kind, the UK Prosperity Index explored factors including wealth, education, health, crime and the natural environment to draw up a league table of Britain’s most flourishing neighbourhoods.

East Dunbartonshire, which includes the affluent suburbs of Bearsden, Milngavie, Bishopbriggs and Lenzie, was placed ninth in the pecking order and second in the UK for quality of education.

Alan Fleming, partner at Shepherd Chartered Surveyors, said: “The housing market has been very strong throughout 2016, with the sub £500,000 market segment proving particularly active. That said, a sale has just gone through for a big detached house in Bearsden for £2.42 million, which must be a record for the Glasgow area.

“It’s clear that the overall housing market in Bearsden and Milngavie is very strong with some fantastic sales being achieved – and that can be attributed largely to the location, proximity to good schools and the quality of local amenities.”

According to Fleming, houses in East Dunbartonshire are typically going to a closing date and, as there is a lack of supply of housing stock coming onto the market, those properties that do come up for sale typically sell very well; including the modern developments, which have been relatively slower over recent years.

The majority of properties in East Dunbartonshire sell in excess of the Home Report valuation, with Fleming singling out the housing market in Bishopbriggs as being particularly strong.

“The majority of housing stock in Bishopbriggs is priced at sub £500,000 and these have been selling very quickly at closing date, whilst several sales well in excess of £500,000 are expected to conclude before the year end.”

According to Fleming, given its quality of schooling and local amenities, there will always be people looking to move into East Dunbartonshire so its housing market is, and always will be, robust.