The Stirling and Clackmannanshire residential property markets have been robust in recent months primarily due to the lack of supply and popularity of living in the Central belt of Scotland. With a population of circa 36000, Stirling is a small City and former Market Town. It has a strong employment base with some major employers and is a very popular area for tourism. The proximity to good schooling and transport links to Glasgow and Edinburgh has always served Stirling and the surrounding areas well. The surrounding countryside has always been a draw and the extensive amenities that are at hand for both Stirling and Alloa has helped keep people keen to move to the area. Alloa is a much improved area with the railway station and Clackmannan Bridge making it far more accessible for commuters to work far beyond Stirling.
It has been a requirement since Dec 2008 to have a Home Report prepared by a Chartered Surveyor prior to marketing your house or flat. The process in obtaining a Home Report is generally now understood and accepted. Although there a few limited exceptions it is best to contact a local surveyor to discuss your options and obtain a fee quote. Your completed Home Report will ideally have a separate Mortgage Valuation suitable for Bank or Building Society purposes. If you are viewing a house or flat you are interested in buying you should be provided with a Home Report on request which is usually emailed or downloaded.
The Home Report should reflect the demand associated in the area and as such a Surveyor with expect local knowledge knowing the current market trends is essential. There are still a few areas that experience protracted marketing periods, such as the more remote areas, but in general house prices have performed strongly and sales rates experienced by estate agents have been good with closing dates becoming more common. Estate Agents in Stirling and Alloa are reporting that sales prices are now firmly in the region of the value reported in the Home Report and area quite often in excess if the area and house prove popular. Areas such as Dunblane, Bridge of Allan, Dollar and Stirling Kings Park have long been known as some of the most desirable areas in Scotland to stay where people will pay a premium house price to beat the competition. The Buy to Let market has seen recent pressures but is well supported as a result of the ever-popular University of Stirling and with a Student population of 12800+ the desire to own rental property in Stirling should stay strong. Although house price indices will show trends that move up and down through the year this is always reflective on the areas and stock of property that are selling at that time.
The Central Belt of Scotland will always prove an attractive proposition for families to live, work and stay, and despite the economic factors facing the whole of the country, the future for house prices and the house market in the area remain positive.
Should with to discuss the Stirling property market and your Home Report requirements please do not hesitate to contact our office and speak to a Surveyor.