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frugalista

Moving To Glasgow Area

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Hello folks,

So, I'm moving from the US to the Glasgow area in September. It would suit me to live in the city for a couple of years and then maybe look for something further out. I've saved up enough from my wages that could afford to buy now with at least a 50% deposit, but I am pretty bearish on Glasgow prices (and is there any point when I'd be looking to move anyway?).

My gut feeling is to rent a city centre flat for a year or two. I'll be commuting out to the burbs, mostly by car, but I'd looking to be within walking distance of Queen Street station, so as to have that option also. There seems to be a lot on offer, and quite reasonable.

Does anyone have their finger on the rental / buying market pulse in the Glasgow area?

How soft are rents? I'm guessing I could get 20% off in some cases, as there is so much on offer. What about prices, have they started to turn or is Glasgow lagging behind?

frugalista

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All I know is that prices are ridiculous. We just sold my late mother's flat for probably 3 times its worth 10 years ago! I was up there late last year and of course I looked in the local property porn mag and I was so pissed off by the stupid bloody prices. It isn't Cambridge or London FFS! :angry:

Why don't you rent in teh burbs, BTW?

fp

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All I know is that prices are ridiculous. We just sold my late mother's flat for probably 3 times its worth 10 years ago! I was up there late last year and of course I looked in the local property porn mag and I was so pissed off by the stupid bloody prices. It isn't Cambridge or London FFS! :angry:

Yeah, prices are approaching Londonesque levels in some parts of the city centre... but where are the jobs?

Why don't you rent in the burbs, BTW?

I guess I'm not quite ready for that just yet, I'm 32 with no kids and I've lived in city centres since I was 18.

The quiet of the countryside does attract me, but I've never really lived there so I'm not sure how I would find it.

frugalista

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Hello folks,

So, I'm moving from the US to the Glasgow area in September. It would suit me to live in the city for a couple of years and then maybe look for something further out. I've saved up enough from my wages that could afford to buy now with at least a 50% deposit, but I am pretty bearish on Glasgow prices (and is there any point when I'd be looking to move anyway?).

My gut feeling is to rent a city centre flat for a year or two. I'll be commuting out to the burbs, mostly by car, but I'd looking to be within walking distance of Queen Street station, so as to have that option also. There seems to be a lot on offer, and quite reasonable.

Does anyone have their finger on the rental / buying market pulse in the Glasgow area?

How soft are rents? I'm guessing I could get 20% off in some cases, as there is so much on offer. What about prices, have they started to turn or is Glasgow lagging behind?

frugalista

Renting or buying is not as important as knowing which football team to support.

Green or Blue

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Most professional types live in the West End rather than the city centre as such. There are also nice areas around the southside. Public transport in Glasgow is actually pretty good - if you're near an underground station you're be 10 minutes from the city centre. Also worth considering Lanarkshire/Ayrshire. Both relatively cheap areas with a good rail link into Glasgow Central. A lot of people live in Bishopton/Paisley and commute in.

Blue or Green?? Nah - the mighty Partick Thistle :D

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Smart 2 bed in Lancefield Quay (close to city centre) - v large - south facing (important at these latitudes) - good spec - tend to be advertised for £700-800. I pay £650 and you should be able to negotiate down to this.

West end = tenemants. Bit more pricy - but a nicer area.

Glasgow Harbour is the latest riverside development - a bit far away from anywhere and looks empty - you may be able to drive a good bargain here as there looks like 200 landlords chasing 20 propective tenants - go in at £500 and settle for £550 for a 2 bed.

Bits of Southside, all of Bearsden and Milngavie are the nicer suburbs. 3 bed house ~£700.

Good luck.

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Smart 2 bed in Lancefield Quay (close to city centre) - v large - south facing (important at these latitudes) - good spec - tend to be advertised for £700-800. I pay £650 and you should be able to negotiate down to this.

West end = tenemants. Bit more pricy - but a nicer area.

Glasgow Harbour is the latest riverside development - a bit far away from anywhere and looks empty - you may be able to drive a good bargain here as there looks like 200 landlords chasing 20 propective tenants - go in at £500 and settle for £550 for a 2 bed.

Bits of Southside, all of Bearsden and Milngavie are the nicer suburbs. 3 bed house ~£700.

Good luck.

Smart 2 bed in Lancefield Quay (close to city centre) - v large - south facing (important at these latitudes) - good spec - tend to be advertised for £700-800. I pay £650 and you should be able to negotiate down to this.

West end = tenemants. Bit more pricy - but a nicer area.

Glasgow Harbour is the latest riverside development - a bit far away from anywhere and looks empty - you may be able to drive a good bargain here as there looks like 200 landlords chasing 20 propective tenants - go in at £500 and settle for £550 for a 2 bed.

Bits of Southside, all of Bearsden and Milngavie are the nicer suburbs. 3 bed house ~£700.

Good luck.

Thanks for that kit2two, I am actually looking at Lancefield Quay on Saturday. They've quoted 700 but I reckon there's a lot of room for negotiation. So, your response really helped me!

I'll try to line up a viewing in Glasgow Harbour too if I get the chance. I was out in the West End last night and it does seem very nice. I guess West End is a bit more popular so probably pricier but I might have a look there.

I am loathe to spend more than 500 but we'll see what I can get.

frugalista

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What about this as a buying possibility? http://www.rightmove.co.uk/viewdetails-763...=4&tr_t=buy

This is the cheapest one ,but there are others for sale in this old mill.

It is something different, and it appeals to me, although I have never checked them out.

Hello folks,

So, I'm moving from the US to the Glasgow area in September. It would suit me to live in the city for a couple of years and then maybe look for something further out. I've saved up enough from my wages that could afford to buy now with at least a 50% deposit, but I am pretty bearish on Glasgow prices (and is there any point when I'd be looking to move anyway?).

My gut feeling is to rent a city centre flat for a year or two. I'll be commuting out to the burbs, mostly by car, but I'd looking to be within walking distance of Queen Street station, so as to have that option also. There seems to be a lot on offer, and quite reasonable.

Does anyone have their finger on the rental / buying market pulse in the Glasgow area?

How soft are rents? I'm guessing I could get 20% off in some cases, as there is so much on offer. What about prices, have they started to turn or is Glasgow lagging behind?

frugalista

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Guest Winners and Losers

You should meet me and Shakerbaby for a drink, but I don't post on here anymore. ;)

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At GSPC last night I saw some place in Lancefield Quay for sale at offers over 198k (which means they expect it to go for at least 240k it seems, in the scottish system).

Now these places are for rent at 700 quid pcm.

So, let's "do the math" -- eek I have turned into a yank.

Suppose I had 200k cash and managed to haggle hard somehow and buy the flat for 200k, live there for 2 years and then sell.

It would cost me 2k in stamp duty, 1k in solicitor's fees and surveys, 2k in estate agent's fees (assume 1% commission), and 1k for a HIP. Total cost: 6k, assuming 0% HPI over that period.

Alternatively, if I put my money in the bank at 5% interest, then I would get about 20k gross, or 12k net (assuming 40% tax). In this case, I'd have to rent the proprety, which would cost me 15.4k. So, in this case I'd be 3.4k down, as opposed to 6k down.

No brainer really. And that's without considering service charges or maintenance, which you'd have to pay as an OO. And of course there's a capital risk if you buy.

frugalista

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Mistah frugalista,

stop doing the bleedin 'math' for a minute and phone mistress_frugalista!

Been trying to get you on your 'cell' all day. Tsk tsk, is this the modern day equivalent of going down to the boozer armed with a rolling pin to get you to come home for dinner?! ;)

mf x

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Mistah frugalista,

stop doing the bleedin 'math' for a minute and phone mistress_frugalista!

Been trying to get you on your 'cell' all day. Tsk tsk, is this the modern day equivalent of going down to the boozer armed with a rolling pin to get you to come home for dinner?! ;)

mf x

Loving your style MF. ;)

Looking forward to meeting you both (with me and Shakerbaby) one day in Glasgie! :)

You tell him! :angry:

They are all the same. FFS. :rolleyes:

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:lol: Cheers w&l

Am pleased to report froogie has now called and been suitably chastised :)

Looking forward to meeting you both (with me and Shakerbaby) one day in Glasgie! :)

yeay! although I'm not moving there with frugalista, I'm off to London for the next year (to do a masters) and froogie is already trying to persuade me to relocate once I've finished. I'm sure I'll be commuting up for the odd visit if he's good.

They are all the same. FFS. :rolleyes:

quite! Took me a couple of minutes to work out what FFS was....I'll admit I googled it and discovered the world of Facial Feminizing Surgery.... :blink:

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:lol: Cheers w&l

Am pleased to report froogie has now called and been suitably chastised :)

yeay! although I'm not moving there with frugalista, I'm off to London for the next year (to do a masters) and froogie is already trying to persuade me to relocate once I've finished. I'm sure I'll be commuting up for the odd visit if he's good.

quite! Took me a couple of minutes to work out what FFS was....I'll admit I googled it and discovered the world of Facial Feminizing Surgery.... :blink:

:lol:

Naughty froogie boy. I think you should limit your visits as punishment. Yes, I think he so wants you to relocate! :wub:

For F*cks Sake! ;)

I don't post here anymore, but have made an exception for MF. ;)

I commute up for the odd visit, but only if Shaker is good. :ph34r:

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Two HPCers already live in Lancefield. Our is £650 pm and the landlord paid £249k. Painful math.

Anyway Frugalista, Mrs Frugalista, Shakerbaby and all - we should all meet up in the City Inn on a sunny Sunday afternoon for a pint or two - an HPC Glasgow meet.

How are you getting on with your search? I move out in a couple of weeks and mine is up for £650 so PM me and I'll put you in touch with the landlady,

kit2two

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Two HPCers already live in Lancefield. Our is £650 pm and the landlord paid £249k. Painful math.

Anyway Frugalista, Mrs Frugalista, Shakerbaby and all - we should all meet up in the City Inn on a sunny Sunday afternoon for a pint or two - an HPC Glasgow meet.

How are you getting on with your search? I move out in a couple of weeks and mine is up for £650 so PM me and I'll put you in touch with the landlady,

kit2two

No way? How cool is that!

Am tempted by lancefield, but also west end looks nice. But, city centre easier commute for me....

I move in on October 1st so dunno if that would suit your LL.

Plus, I have seen those Lancefield Quay places on RM for £575 I think!

BTW you will find me, mistress F, WAL and shakers at "the other place" these days..... (hint: it begins with a G)

All the best!

frugalista

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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