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February 2024

Stirling & Clackmannan Property POV

February has unfolded in line with the typically subdued property sales activity that characterises the early part of the year. As we advance towards Spring, we are optimistic about a revival in activity, as mortgage rates show signs of a slow but steady decline which could potentially help to free the pent-up demand for home moves.

Despite ongoing economic uncertainties, the Scottish housing market demonstrates resilience. In fact, according, to the RICS, residential property sales rose in January for the first time in six months with an accompanying increase in new buyers for the first time since 2022. There are also more properties coming onto the market in Scotland, helping to meet the rise in demand, and prices are expected to head upwards, but only very slightly.

Persistent housing shortages continue to exert upward pressure on monthly rents, fuelled by escalating demand for rental properties. Rental properties are still being snapped up very quickly and we would recommend that tenants are prepared to make a decision as soon as they see a vacant property appear on the market.

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

February Highlights

Detached 3 Bedroom Bungalow

Nestled in the serene neighbourhood of Forrester Grove, this delightful detached bungalow presents a rare opportunity to acquire a beautifully maintained home. Boasting three spacious bedrooms, this property is an ideal choice for families or those seeking a tranquil retreat.

Well Presented 2 Bedroom House

Welcome to Old College View, Sauchie, where charm meets comfort in this delightful two-bedroom mid-terrace house. Nestled in a quaint neighborhood, this residence offers a perfect blend of contemporary living and classic charm.

Success Story

Immaculate, three bedroom, end terrace house hit the market and within one day of viewings had a closing date agreed. Over 15% of its home report value was achieved.

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