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May 2024

Stirling & Clackmannan Property POV

As of May 2024, the property market in Clackmannanshire and Stirlingshire continues to demonstrate robust activity. In Clackmannanshire, the market is buoyed by affordable pricing, which remains attractive to investors and first-time buyers alike. Meanwhile, in Stirlingshire, demand remains strong, especially in sought-after areas such as Stirling city and its environs. Both areas are experiencing a steady flow of transactions, with properties that are priced competitively seeing particularly quick turnovers.

The Scottish Government’s review of the Housing Marketing in Q1 of 2024 indicates that the decline in the number of sales is slowing, and mortgage approvals are starting to rise again. House prices are also growing faster than they did last year, particularly for new builds.

Mortgage rates increased slightly in March 2024, and were averaging 5.76% for 2 year fixed rates and 5.34% for 5-year fixed rates. With the Bank of England base rate static at 5.25% there is no reduction in sight at the moment.

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

May Highlights

Modern 4 Bedroom House

This charming four-bedroom detached house, situated in the serene neighbourhood of Lady Ann Grove in Tillicoultry, offers an inviting atmosphere with its modern design and functional layout.

Peaceful Detached House

A beautifully designed four-bedroom detached house, perfectly positioned at the end of a tranquil row of just three homes on Dunlin Drive in Alloa. This exceptional property boasts privacy and peaceful living with no passing traffic or pedestrians to disturb the serenity of your new home.

Success Story

This fabulous, three bedroom, detached bungalow hit the market on Wednesday and within one week had a closing date agreed. The property then went on to achieve more than 12% over its 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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