Veteran estate agent John Kelly, who established Glasgow-based specialist estate agency Corum 20 years ago, said he believes buyer and seller confidence will increase in an exclusive interview for The Herald.
Mr Kelly, who has steered Corum through challenging periods for the property market in the past, including the 2007 credit crunch, 2014 Scottish Independence Referendum, and Brexit, said: “We have been impressed with the market’s resilience because everyone’s been so used to upheaval in recent years, especially given rising interest rates and the continued negative rhetoric from some quarters of the media.
“From our perspective, buyers have remained laser-focused and determined since the start of the year, while sellers have enjoyed premiums at a level that they probably thought was being left behind last year. The combination of both has led to a confident marketplace, which shows little sign of slowing down any time soon.”
He said: “We are actively involved in both the family homes and apartments market, allowing us to stay attuned to both suburban and urban demands. In sought-after family-oriented areas like Newton Mearns, Giffnock, and Bearsden, factors such as schooling, square footage, outdoor spaces, and a sense of community are pivotal in driving sales this year.
The business covers a large area of Scotland (Image: Getty Images)
“Meanwhile, in the West End and Shawlands, where a substantial portion of the demographic consists of young professionals, community remains a central motivator, alongside the desire for a cosmopolitan lifestyle, characterised by cafe culture, events, and social interaction.
“Following the latest decrease in interest rates, we have experienced an encouraging surge in early interest from prospective buyers seeking advice in anticipation of their moves next year.