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Moving to Glasgow’s Merchant City? Our Property Lawyers' Guide

buying property in merchant city glasgowGlasgow's Merchant City has long been the hotspot for quaint bistros, trendy restaurants and a bit of peace and quiet in the city centre. Located in the heart of Glasgow, it offers sublime links to everything the city has to offer and has benefited from the city hosting the Commonwealth Games and other world class events.

Known for it’s pedestrianised areas, outdoor eating and ever-changing developments, the Merchant City is Glasgow with style, and one of the most popular areas to visit for tourists and locals alike. It is arguably one of the finest areas in Glasgow to stay with excellent transport links and constant renovation. The Merchant city has something for everyone, with coffee shops such as Tinderbox to fine dining in Guys.  Glasgow’s Merchant City also represents one of the finest investment opportunities, with the area being one of the most desirable for homeowners.

Moving to Glasgow's Merchant City

With a combination of old brick housing and modern new flats, the Merchant City offers a sublime array of accommodation in the ideal location. Indeed in the last year the average value of property in the Merchant City has increased by over £10,000 on average. As the bubble in Scotland continues to grow, with the latest study finding that the average property price in Scotland is around £160,000, the Merchant City offers a location that is above-said average at over £167,000. Furthermore, such is the scale of the location, it does not represent the true value of some of the properties, with a large number of houses such as ones on Cochrane Street, or even Albion street safely selling for over £170,00 based on current prices.

Such is the demand for housing in the city centre, and the popularity of Merchant City you are always guaranteed to have an in-demand property, with both of Glasgow’s main stations, Queen Street and Glasgow Central, being close to the area.

Conveyancing Lawyers Merchant City, Glasgow

While the Merchant City is a prime location, it offers even more value as an investment. The flats and area offer the ideal opportunity to have a prime piece of real-estate in your portfolio. With the average property being over £160,000 area of the Merchant City such as Candleriggs and Albion Street have average rental values of over £2,000. With a potential rental return of over £24,000 in a growing and ever-popular area, the Merchant City not only offers a sublime location for living, but a fine investment opportunity for any developer. Located near Glasgow City College, Strathclyde University and the Caledonian University, it is the ideal location for students to rent. Furthermore, with numerous offices, and the Glasgow City Council located in the same area, the number of potential professionals requiring rented accommodation means that your property could always be in demand.

Invest in a property in the Merchant City

The Merchant City has long been one of Glasgow’s most popular areas. However, it benefitted greatly from the Commonwealth Games. Older properties were renovated, areas were revamped, and the area even hosted the now infamous Irn Bru store. Bars and restaurants are suitably up-to-date for all visitors and locals alike, with Blackfriars, Boteco, Cafe Gandolfi and other bars hosting music, poetry and dance venues. Merchant Square offers a covered area dedicated to bars and restaurants with a market every Sunday. Located near George Square, and other famous Glasgow landmarks purchasing a property in Merchant City could prove to be a very worthwhile investment. Click here to read our property lawyers' guide to the main steps involved in purchasing property in Scotland.

Legal Guide to Buying a House in Glasgow's Merchant City or Across Scotland

If you are looking for a property to buy in the Glasgow area and believe the Merchant City could be the perfect location for you or your family, contact us today to find out how we can help by using our online contact form.

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