Clear waters may seem a long way off,
but there are encouraging signs on the horizon, and with the experienced hands
of such seasoned property experts as Douglas Dickson on the tiller, landlords
can find a course through the storm.
The opening of the £842 million Queen
Elizabeth University Hospital has created a ‘mini-boom’ in housing in Govan and
Glasgow’s South West. With 10,589 staff looking for property an easy commute
from the 1,677 bed hospital, there are great opportunities for landlords to
rent to professional tenants.
Douglas Dickson has already steered a
number of investors towards property in the South West and surrounding areas
with our buy-to-let service, helping them to take advantage of this increased
rental demand.
With the hospital likely to be fully
staffed by the end of summer, there is still time for the canny investor to
purchase good rental properties.
With the uncertainty of Brexit
affecting the residential property market, large swathes of first time buyers
are finding that the deposits they had saved are not enough to secure a home.
This, coupled with a lack of good
affordable properties on the market, is helping to fuel rental demand
throughout Glasgow, which remains a very attractive city to study and work.
Douglas Dickson is achieving rent increases for its landlords and renting most properties back-to-back without any void periods.
Douglas Dickson is achieving rent increases for its landlords and renting most properties back-to-back without any void periods.
The completion of the new hospital has allowed
the sale of the old Victoria Infirmary Campus, and the Sanctuary Group is in
discussions with Glasgow City Council to develop beautiful homes, retaining key
heritage features from the historic site.
Between this, and the approval of plans
to build 152 new houses in Ibrox, 36 of them aimed at mid-market rents, the
future of Glasgow’s housing supply seems hopeful.
Brexit may have created a storm of
uncertainty across the UK, but the fundamentals of the rental market remain
unchanged and, with expert advice from Douglas Dickson, there are excellent
investments to be made.
For
further information, contact Neil Livingstone, Douglas Dickson Property
Management Limited, 3 Fitzroy Place, Sauchiehall Street, Glasgow, G3 7RH. T: 0141
221 1827. F: 0141 248 6733. E: info@douglasdickson.co.uk W: www.douglasdickson.co.uk