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August 2023

Stirling Property POV

We saw a slight slowdown in the property market in the Stirling area in July, which is to be expected during summer holiday season. However, further interest rate increases announced by the Bank of England are likely to hit buyers as mortgage rates creep up again. Realistically, home sales are expected to slow, month on month, for the rest of the year as buyers wait for better news before committing to moving house.

This doesn’t mean that it’s all doom and gloom though. The rental market is still strong, and flats and properties in popular locations are moving quickly. While reduced demand for houses will lead to falling prices, this could benefit those wanting to sell a house and buy another, especially if they are able to access acceptable mortgage deals. The mortgage market is going to be unpredictable for the next while, and so it will be a case of watching and waiting for the right deal to appear.

Our main advice would be to stay calm and speak to the experts if you aren’t sure about the best way forward. Houses are still selling, and smaller, energy-efficient homes remain in demand. However, sellers should be as flexible and open-minded as possible if they want a quick sale.

Property Market Insights

Stirling

Average price is£208,794

in Stirling and Alloa

Average rent is£745 pcm

in Stirling and Alloa

Most in demand is3 bed semi-detached

or end of terrace

August Highlights

Fabulous Family Home

This elegant four-bedroom house is tastefully decorated throughout and has spacious rooms, including a large, modern kitchen, and a bright sunroom overlooking a beautifully manicured garden. The good-sized bedrooms and ensuite bathrooms add to the luxurious feel of the property.

End Terrace To Rent

We have a conveniently located 3 bedroom house available for rent, in the popular Braehead area of Stirling. With a spacious lounge/diner, a private garden and tasteful decor, this house is well worth viewing.

Success Story

A charming three bedroom bungalow in Forrester Grove, Alloa went on the market on the Tuesday and by Thursday of the same week we already had 2 offers at 12% over the asking price. We concluded the deal on the Friday at a fantastic 15% over the asking price.

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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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