There are three distinct residential development markets at play within the city of Glasgow and the wider area. These are closely linked to the historical development of the city and reflect the continuing evolution of the area.

We have grouped the development markets under three main headings: traditional Victorian city suburbs, suburban communities and new regeneration neighbourhoods. While distinct, these markets do not operate in isolation, they influence and impact on each other within the city and beyond.

Victorian City Suburbia

Traditional Victorian suburbia represents neighbourhoods such as Dowanhill and Hillhead in the West End and Pollokshields, Newlands and Shawlands in the Southside. Typically these areas are dominated by Victorian townhouses, villas and large tenement flats. Consequently, these areas are well established and therefore developments tend to be smaller in scale and are more often than not conversions.

The average site density we have analysed in these areas was 28 units. Most of these are coming towards the end of their stock, and as a consequence many upcoming developments in these areas have substantial waiting lists. Some developments in these areas have been achieving around £300 per square foot, but the majority are within the £250 to £290 bracket and we would anticipate upwards pressure if stock was to become more constrained.

The School House, Hillhead - Barony Homes

Former Hillhead Primary School being converted to 35 apartments. Due to launch June 2015, the site has a large waiting list.

Established Suburbia

Communities such as Jordanhill, Bearsden, Bishopbriggs, Stepps, Burnside, Newton Mearns and Ferniegair have witnessed considerable development over the past 150 years. They have Victorian roots but have gained a reputation for family orientated housing and excellent transport links.

Sites in these areas are larger, averaging 114 units with a sales rate of 2.8 per month. This rate of sale represents the strong demand for high quality but attainably priced family housing in established locations. The average price here was between £175 and £190 per sq ft.

Downsizers are becoming an important market in these locations and as Scotland’s population ages this will become even more apparent. Consequently, well designed, centrally located flatted schemes which appeal to downsizers and first time buyers alike are commanding significant premiums.

Matthew Court, Old Cathcart - Dickie and Moore

Exclusive new build development of 28 apartments. Due to launch Summer 2015 and has significant waiting list.

New Regeneration Neighbourhoods

These developments are located on ex-industrial brownfield sites which often lie alongside Glasgow’s River Clyde. Their heritage means that they are often large and within close reach of city and town centres. Of the sites analysed there were an average 318 units per site.

Within the city of Glasgow the product is primarily attainably priced modern flats, with parking and within easy access of the city centre. For example, the average price for a flat across the sites analysed was £107,569 which is 44% below the city average. Out with Glasgow the sites offer attainably priced, high quality family housing.

Help to Buy was particularly beneficial for these developments and whilst it has come to an end these developments should have generated enough momentum to enable further expansion of these communities.

Deans Gate, Ferry Village - West Register

Now sold out this development gained considerable momentum towards the end as Ferry Village gained popularity and became more established.