Scottish properties selling above the asking price

rental properties

Homes are selling for well above the asking price across much of Scotland, indicating that it’s still a competitive market north of the border, analysis of Zoopla data by getamover.co.uk has revealed.

This is mostly the case in East Renfrewshire, where properties are typically selling for £272,187, £36,708 more than the listing price of £235,479.

The sold price is exceeding the asking price by £31,662 in East Dunbartonshire, £30,627 in City of Edinburgh, and 29,456 in East Lothian.

David Burrows, head of Getamover.co.uk, said: “Buying a home is expensive no matter where in the UK you choose to settle down, but a fantastic investment, this study gives huge insight into the most desired areas of the country and where you might find yourself having to pay rather a lot more than the original list price.

“Typically in the UK, the best time to purchase or sell a property is during spring or summertime. By avoiding the colder winter and autumnal months, the risk of having to move during adverse weather conditions like snow and ice is less likely, making a more seamless completion of the sale and getting you in or out of your new home in no time.

“Interestingly, despite London being the most populated city in the UK, it struggles to sell homes above the original list price compared to similar popular areas such as Manchester and Glasgow, which rank higher in the rankings. House prices are also affected by the seasons.

“Prices are higher at certain times of the year, often spiking in the summer months, especially July, in comparison to the colder months mainly after the Christmas period. It has been found that there are more buyers in the market in spring and summer which means prices do not need to be discounted.”

The most competitive area of England is Cambridge, where the average price sold for £31,662 more than the typical listing price.