Glasgow is the biggest city in Scotland, and as a result, it’s also the city that most people from Scotland, around the UK, and abroad want to move to. Due to the influx of new people coming to Glasgow each year, property prices are rising, making it increasingly difficult for people to buy their own homes.
If you’re on a budget, here’s some great news. Not all areas in Glasgow are known for their high prices. In fact, several areas have property prices that are still within reach, offering you a golden opportunity to own a home without straining your finances.
In this article, we will introduce you to some of those areas. But before we do that, we’d first like to give you a general overview of Glasgow’s property market. That way, you’ll know at least what you can expect before shopping for your next property.
An Overview of Glasgow’s Property Market
It’s essential to understand what the market looks like to truly understand what is possible on the lower end of the spectrum regarding price in Glasgow’s property market. One great way to do that is to look at what the average property in Glasgow has sold for over the last 12 months.
Following some research, we’ve found that over the last 12 months, properties in Glasgow have sold for an average of £210,851. Historically speaking, this average is up by 3% compared to 2023 and 8% down compared to the 2006 peak of £230,434.
This average price considers all types of properties in all parts of Glasgow. If you’re looking for a cheaper property, opting for a flat rather than a detached house is an excellent way to bring down the price you can expect. Choosing a not-so-affluent area is another way to reduce the price for the type of property you want. With that said, let’s now look at the most affordable areas for properties in Glasgow.
The Most Affordable Areas for Property in Glasgow
Following our research, we’ve found the four most affordable areas for buying a property in Glasgow. They include:
Easterhouse
Situated 6.4 miles east of the Glasgow City Centre, you’ll find the Easterhouse area. This is one of Glasgow’s most affordable areas for properties—the average property in the region over the last 12 months sold for just £80,834.
Easterhouse is the perfect location for first-time buyers and people looking to buy a property on a budget. That said, please remember that this is the average property price. During our research, we’ve come across some quite decent properties that were selling for £40,000 to £45,000—meaning that for this type of property, you’ll need a deposit of just £5,000 to get a mortgage.
Tollcross
Located just over 3.7 miles out of Glasgow’s City Centre, you’ll find the small residential area of Tollcross. This area is a perfect blend of urban and rural living, offering residents the best of both worlds. It’s close enough to the city for convenience, yet far enough to enjoy a peaceful, suburban lifestyle.
The area has two large parks: Tollcross Park and Sandy Hills Park. If you’re into golfing, you’ll be pleased to hear that the Sandyhills Golf Club is just around the corner.
Properties in this part of Glasgow have sold for an average of £123,466, nearly £90,000 less than Glasgow’s average. What’s more, plenty of decent properties are currently being sold for less than £100,000, making this area particularly lucrative for people looking to pay as little as possible for their new home.
Provanhall
Located around 7 miles out of Glasgow’s City Centre, you’ll find Provanhall. This small area of Glasgow sits right on the city’s edge, providing residents with the perfect balance of urban and rural lifestyles. It’s one of the area’s best advantages.
Properties here have sold for an average of £77,530, over £130,000 less than Glasgow’s average property price. What’s worth mentioning here is that the prices in this area are down 27% compared to the previous year, which is an ample opportunity for people looking to buy a property in an area at a discount.
Looking ahead, as Glasgow’s housing market continues to rise in the coming years, if you decide to invest in one of these areas, you’ll be well-positioned to sell your property quickly due to the higher demand and potentially profit nicely from it, providing a sense of security in your investment decision.
Bridgeton
If you’re looking for an affordable property in an area that is as close to the city centre as possible, Bridgeton is just for you. This lucrative area is just 2.2 miles southeast of Glasgow City Centre. As a result, it’s popular not just among young professionals but also among families.
Properties in this part of town have sold for an average of £158,403, which is quite a bit more compared to the other areas we’ve covered. However, that’s less than £50,000 compared to Glasgow’s average house prices.
Affordable Property in Glasgow
Despite being Scotland’s most significant and fastest-growing city, Glasgow still has plenty of hidden gems where property prices are surprisingly low. So, if you’re dreaming of owning a home without breaking the bank, this article has probably opened your eyes to some exciting new possibilities.
Remember that Glasgow’s house prices are on the rise, and they’ll most likely keep climbing as the city becomes Scotland’s hub for business and education. So, if you’re set on buying a property in the area, we strongly recommend exploring your options sooner to secure a property at a more affordable price.
We’d like to hear from you if you’re selling your current property to buy a new one. Please fill out the enquiry form on our website, and we’ll provide you with a free, no-obligation quote for your property, regardless of its location or condition.
