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January 2024

Stirling & Clackmannan Property POV

January tends to be a quiet time for property sales and 2024 has started as expected with relatively low levels of activity. As we move towards Spring we are confident that things will pick up again. The economic climate remains uncertain but the housing market in Scotland remains resilient and shortages in housing persist, driving monthly rents up amidst increasing demand for rental properties.

Experts predict that house prices will fall slightly this year as mortgage rates remain high, impacting the amount homebuyers are able to borrow. However, it seems likely that interest rates will come down during 2024 and competition within the mortgage market will drive the availability of more affordable fixed rates.

There is a trend towards living in rural areas as remote working gains popularity and people move out of cities to experience a more peaceful and sustainable way of life.

Developments such as our featured property in Lesmahagow provide flexible, energy-efficient living, with outdoor space, close to picturesque countryside giving owners the opportunity to settle in a small town and enjoy a gentler pace while having easy access to larger towns.

Property Market Insights

Stirling

Average price is£276,595

in Stirling & Clackmannan

Average rent is£975 pcm

in Stirling & Clackmannan

Most in demand is3 bed end terrace

or semi-detached house

January Highlights

4 Bedroom Bungalow

A new build 4 bedroom detached bungalow. The accommodation offers a spacious living room, designer kitchen/diner fitted with contemporary appliances, four double bedrooms which possess fitted storage while the master bedroom further features an en-suite.

4 Bedroom Detached House

An exquisite four-bedroom detached house nestled in the heart of Alexandra Street, Devonside. This charming property seamlessly combines modern comfort with idyllic surroundings, offering a perfect blend of tranquility and convenience.

Success Story

This fantastic, three bedroom semi detached home located on Grampian Road, Stirling hit the market on Friday 5th January and over the course of the weekend received over 20 viewing requests and had a closing date agreed within one working day. The property was on the market for a total of one week. 

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Alloa, Stirling, Edinburgh, West Lothian

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O’Malley Finance Services Ltd is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. O’Malley Finance Services Ltd. Registered Office: 6 Primrose Street, Alloa, Clackmannanshire, Scotland, FK10 1JG.Registered in England: SC490368.

Letting Agent Registration Number (LARN) – LARN1904027

Members of The Property Ombudsman (TPO) scheme – (www.tpos.co.uk)

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