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According to Zoopla, property prices in Clackmannanshire rose 3.6% over the past year, ahead of the national average. The increase has added £5,000 to the typical home, with the average value now sitting at £142,800.
Mortgage rates have played a crucial role in shaping the current state of the market. Initially, lenders reduced rates to compete in a market of low activity, anticipating an early reduction in the Bank of England base rate. The base rate cut, now expected in May, is seen as a response to a weaker than previously expected economy in 2023 and a faster than anticipated fall in inflation.
Rental markets have not been left unaffected. The annual rental growth across the UK slowed to 8.3% in 2023, down from 8.8% in the previous year. Despite this deceleration, rental growth remains historically high, suggesting a market that continues to face affordability pressures.
in Stirling & Clackmannan
in Stirling & Clackmannan
or semi-detached house
A beautifully renovated three-bedroom end terrace house on the charming Kent Road in Alloa, offering a perfect blend of modern amenities and comfortable living spaces.
This exquisite four-bedroom detached house promises a harmonious blend of comfort, style and spaciousness, making it an ideal sanctuary for families or those who cherish space and tranquillity.
We marketed the 2 bedroom, 1st floor flat at 24 Harbour Way, Alloa on Monday 1st April and had an offer, above the home report value, agreed by Wednesday 3rd April.
