Neighbourhood Watch: West End, Glasgow

Neighbourhood Watch: West End, Glasgow

The West End: Glasgow Famous for its stunning Victorian architecture and thriving cultural scene, Glasgow’s West End, named “the hippest place in the UK” by The Times and as one of the “top ten coolest neighbourhoods in Europe” by The Independent, is a hotspot for young and mature professionals working in the city and students attending

Neighbourhood Watch: West End, Glasgow

The West End: Glasgow

Famous for its stunning Victorian architecture and thriving cultural scene, Glasgow’s West End, named “the hippest place in the UK” by The Times and as one of the “top ten coolest neighbourhoods in Europe” by The Independent, is a hotspot for young and mature professionals working in the city and students attending Glasgow University.

Greenery

Kelvingrove Park

In the heart of Glasgow’s creative scene, nature is a key attraction of the West End. Kelvingrove Park is a relaxing Victorian park featuring tennis courts, a skatepark and a restored Kelvingrove Bandstand, home to the Summer Nights mini music festival that brings open-air music back to the park.

Education

University of Glasgow

Over 26,000 students attend University of Glasgow for its prestigious education. Designed by George Gilbert Style, the Gothic revival architecture of the main building is a stunning architectural masterpiece. Described as the real-life Hogwarts, the University of Glasgow has been featured in productions including Cloud Atlas and Outlander.

Culture

Scottish Ballet Company

The West End offers a vibrant cultural scene, stimulating many professionals, families and students to live in the area and effectively has encouraged businesses to operate here. The top attractions include Kelvingrove Art Gallery, Riverside Museum and Clydeside Distillery.

The performing arts reigns supreme in the district boasting Kings Theatre showing productions including The Rocky Horror Show, the Scottish Ballet Company and the majestic Glasgow Royal Concert Hall.

Nightlife

Brel

As the bohemian district of Glasgow, the West End is home to some of the city’s most innovative spaces, cool events, creative people and prettiest streets. To complement this, the variety of unique bars are within easy reach. Brel, voted best beer garden of Glasgow in 2016 and The Parlour, home of the quirky cocktail are among the top favourites of the local community.

Cuisine

Tantrum Doughnuts

Known for its trendy cuisine, the West End offers a host of innovative eateries. From The 78, a dog-friendly vegan bar to Michelin Bib Gourmand awarded Ox and Finch. Taking fine dining to a new level of service, Six by Nico is one of Glasgow’s hotspot restaurants. Every six weeks, the restaurant changes its menu to a completely new theme, comprising of six delicious courses. Additionally, the dessert eaters will be well catered to at Tantrum Doughnuts with amazing hand-made doughnuts.

Tourism

West End Festival

Living up to its reputation as a cultural beacon of Scotland, the West End hosts several events including the annual West End Festival in June celebrating the local community and Glasgow Mela Festival, where visitors can experience Scottish music and dance in Kelvingrove Park, which always attracts lots of top performers from around the world alongside some mouth-watering food stalls too.

A Final Note

As the second largest economy in the UK, Glasgow is a thriving city set to benefit from over £16 billion of regeneration to strength the life sciences and transport industries. Proving to be a powerhouse outside of London, the West End’s bohemian reputation makes it’s a beacon for investment opportunities of residential, commercial and student properties.

Ready to see Glasgow properties? Email us at info@tarquinjones.com for more details.

 

 

info@tarquinjones.comNeighbourhood Watch: West End, Glasgow
read more
Why to invest in car parking spaces

Why to invest in car parking spaces

One of the most commonly overlooked forms of investment just happens to be one of the most profitable right now. It seems crazy to some that a piece of tarmac at an airport can deliver such high returns, but to any serious open-minded investor this makes perfect sense and can prove a shrewd low-cost investment.

Why to invest in car parking spaces

One of the most commonly overlooked forms of investment just happens to be one of the most profitable right now. It seems crazy to some that a piece of tarmac at an airport can deliver such high returns, but to any serious open-minded investor this makes perfect sense and can prove a shrewd low-cost investment. Here I will detail some of the reasons why you as an investor should start taking car parking spaces as a serious opportunity to create wealth.

Demand always increasing

Airport parking in the UK is worth around £9.5 billion per year (gross rental income) so it’s no surprise to see many investors wanting a piece of the action.

The bulk of car parking space deals are situated at airports so naturally there is always a strong demand for usage. Consider how many people go on holiday every year- 2017 statistics from NATS, the UK’s leading provider of air traffic control services, reported over 770,000 flights that summer alone, which is the highest number in its history. Airports have to expand just to meet this growing demand and this means major extensions to parking bays, or even building whole new ones. The concept of high demand and low supply which drives up property prices applies to all forms of property and car parking spaces are no different. Demand is outstripping supply and as such, increases in prices and returns are inevitable.

How does it work?

It works much the same as most forms of property investment. Simply put, you put your money into a car parking space on a hands-off lease meaning you buy this and essentially forget about it. The seller will usually, but not always, offer a buyback option in which you can sell your space back to them or continue letting it out.

You will receive a Title Deed upon purchase which confirms your ownership. Your minimum income can be written into the contract so that the freeholders are obliged to pay you a certain amount of rent. Your income can be paid monthly, quarterly or yearly and is not subject to VAT.

How much do I need?

One of the most attractive aspects of this type of investment is the relatively low entry cost. You would typically need around £20,000 minimum to buy a car parking space, although this can be higher depending on which airport you are buying in. Airport parking works as a perfect option for those looking to make their first investment or those with a low cash deposit looking to make good rental returns.

Diversify your portfolio

Investments such as this can flesh out an investor’s portfolio, and what I mean by that is to minimise the risks involved with only purchasing one type of property. If one type of property i.e. student lets takes a hit and you only own this type of property, you are in a position where you have no alternatives available for a good cash flow. It’s important to not put all your eggs in one basket so to speak and because car parking spaces are comparatively low cost, they are a sound option to avoid the volatility that the markets can sometimes be.

No repair or maintenance issues

One of the most common headaches involved with Buy-To-Let residential property is potential tenant damage which can prove costly to the landlord. Fire damage, water damage and general repair and maintenance are all issues which investors can do without. With parking spaces, all of that is highly unlikely to happen which provides peace of mind and leaves many buyers safe in the knowledge that they’ve bought a hassle-free investment.

Know you you’re dealing with

This applies to any investor when they’re looking to invest in any property, but it’s vitally important to do your due diligence when investing in a car parking space. If you’re working with an agent and they inform you of a car parking space deal, make sure you find out about the people behind this deal. Get them to send over all the relevant information on them so you can see if they’re a reputable and established company with a proven track record. Brochures, RICS and sales agreements are the sorts of things you want to have a look at. If everything looks good, that’s when you will want to proceed.

This all makes for a safe, low level low risk investment that is perfect to either start or diversify your property portfolio. The usual cautionary tales do apply but the figures only show consistent air travel growth which is set to continue in the future. It’s an investment avenue that largely goes under the radar but with such a massive disparity between supply and demand, any investor looking for great returns should definitely take a closer look at car parking spaces. It can make for a solid investment with a constant increase in demand.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

AdminWhy to invest in car parking spaces
read more
Property Investment Areas – Glasgow

Property Investment Areas – Glasgow

Scotland has been touted by many investors as the go-to-place right now for Buy-To-Let investments. Major cities like Glasgow and its surrounding areas are providing good return on investments for those looking to capitalise on capital growth and good rents. In this article, we will discuss some of the reasons why more investors are turning

Property Investment Areas – Glasgow

Scotland has been touted by many investors as the go-to-place right now for Buy-To-Let investments. Major cities like Glasgow and its surrounding areas are providing good return on investments for those looking to capitalise on capital growth and good rents.

In this article, we will discuss some of the reasons why more investors are turning to Scotland, and specifically Glasgow, to start or diversify their BTL portfolios.

Capital growth

Glasgow and its suburbs are expected to experience the largest rise in house prices in Scotland by 2021 according to Barclays. The Barclays UK Property Predictor provides a three-to-five year forecast of investment hotspots on the residential property market, revealing the areas across the UK where house prices and rental incomes are expected to rise. Affluent areas in Glasgow’s outskirts, East Renfrewshire and East Dunbartonshire, are set to rise by almost a quarter (23.8% / 22.5% respectively) over the next five years.

Glasgow itself has increased by a notable 0.70% a month since June of last year, the second highest across the UK. If this subdued monthly growth continues the Scottish city will see prices hit £285,487 by 2027, a jump of 131%. Many investors are taking advantage of this by investing there now whilst prices are relatively affordable in comparison to other major UK cities. This leads me onto my next point…

Affordability

Understandably, many investors have been priced out of the London markets and with prices merely flat lining since the Brexit vote, there seems no sign of change in the capital.

Landlords are turning to other major UK cities in order to achieve everything London can do but at a more affordable price. Glasgow is one such city- the average house price there according to Zoopla currently stands at £173,784 compared to London which is £638,439. This naturally makes cities like Glasgow more accessible to invest in and because prices are still relatively low, it means rental yields stay high for the foreseeable future. This leads me to my next point…

Rental returns

With an ever-growing population expected to rise to 600,000 people by 2018, more property needs to be built to meet the growing demand. This makes any off-plan property in the city or surrounding areas an attractive proposition for an investment as investors know there will definitely be a tenant installed with ease. This provides the investor with a steady stream of income which is rising all the time- from 2010 to 2014, rents in Glasgow rose by 11.1% and in Q4 2014, average rents in Glasgow rose past £600 for the first time.

The rental markets see no sign of letting up on residential property or even student accommodation which has risen in popularity too. It’s the perfect city to invest in for a good and reliable source of income every month.

Supply and demand

Many established chartered surveyors have shown a shortage of homes being built in Scotland in the latest market report which is leading to increases in house prices. A net balance of +21% of Scottish surveyors responding to the survey said that house prices rose in January, which was above the UK figure of +8%, says the report from the Royal Institution of Chartered Surveyors (RICS). This comes as a net balance of -12% of Scottish surveyors report a fall in the number of homes becoming available for sale, the tenth consecutive month that the data for new instructions to sell has been in negative territory.

With new buyer enquiries continuing to increase combined with a shortage of new homes, the property that is available has a premium put on it. Many investors are tapping these sites up to experience the big levels of capital growth on their site created by the widening supply and demand gap.

A strong economy

Glasgow’s economy has been in good shape for a number of years but a big turning point for the city came in 2014 when the UK government and local council officials signed ‘The City Deal` agreement. This is a pledge to invest more than £1 billion into major infrastructure projects in Glasgow.

New developments, enhancements to transport links (including HS2 in the years to come) and thousands of new jobs being created will all boost the economy of Glasgow massively in the next 20 years, and the effect is already being felt. More and more people are turning to property in the Private Rental Sector (PRS) where all this regeneration is happening which will inevitably lead to big levels of capital growth in the future. This will provide investors with good rental returns in a property they know they can sell on at a profit in years to come.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

 

AdminProperty Investment Areas – Glasgow
read more
Property Investment Hotspots – Glasgow

Property Investment Hotspots – Glasgow

In the latest edition of Property Investment Hotspots, we will be looking at our first city outside of England- Scotland’s largest city Glasgow. Often mistook as the capital city, Glasgow has gone from a humble farming village to one of the UK’s best cities for trade and investment. Here is what makes Glasgow a prime

Property Investment Hotspots – Glasgow

In the latest edition of Property Investment Hotspots, we will be looking at our first city outside of England- Scotland’s largest city Glasgow. Often mistook as the capital city, Glasgow has gone from a humble farming village to one of the UK’s best cities for trade and investment. Here is what makes Glasgow a prime location for property investment.

Accessible and affordable

Many see London as the be all and end of when it comes to the UK property markets, particularly overseas investors. The problem is that London is vastly overpriced when compared to other major UK cities, and this means many investors are priced out with the average London house price paid over the last 12 months at £639,629 (Zoopla).

In comparison, the average price of property in Scotland was £158,094 and just £154,956 in Glasgow. Not only does this make it more accessible for investors, but a strong rental market will help investors to realise strong returns from their initial outlay.

The lower prices mean that property is more accessible and therefore competitive in Glasgow, meaning that the increased demand will only push up prices even more in the future.

High rental yields

Scotland on average has a higher rental yield than both England and Wales. Scotland’s 4.8% average (Dec 2017 figures) compares favourably with the two southern countries’ yield at 4.4%. Glasgow in particular is able to combine a high yield with excellent growth prospects, making it perfect for those investors looking to achieve both with their BTL investment.

Rents in Glasgow increased by 22.4% between 2011 and 2016, and the average rent of Glasgow so far this year have hit £765 per calendar month. This is up from £710 from the first quarter of 2016 when the average rents in Glasgow hit the £700 barrier for the first time. It’s clear that rents are rising progressively in Glasgow, and it would not come as a surprise to potentially see rents go above £800 on average by this time next year.

With the relatively affordable prices and rising rents, this is driving the average yield up in Glasgow too and with the rental growth outlined above, it also means that investors will be able to achieve higher returns from their investment.

Growing economy

Glasgow’s economy has been in good shape for a number of years but a big turning point for the city came in 2014 when the UK government and local council officials signed ‘The City Deal` agreement. This is a pledge to invest more than £1 billion into major infrastructure projects in Glasgow. New developments, enhancements to transport links (including HS2 in the years to come) and thousands of new jobs being created will all boost the economy of Glasgow massively in the next 20 years, and the effect is already being felt.

More and more people are turning to property in the Private Rental Sector (PRS) where all this regeneration is happening which will inevitably lead to big levels of capital growth in the future. This will provide investors with good rental returns in a property they know they can sell on at a profit in years to come.

This, in turn, has had an impact on the number of people living in the city. Analysts are expecting Glasgow’s population to reach 600,000 by 2018, whilst the Greater Glasgow area accounts for more than 40% of Scotland’s entire population. Ultimately, more people, jobs and wealth creation has helped increase the demand for quality rental accommodation and drive the performance of Glasgow’s private rented sector (PRS).

Supply and demand

Many established chartered surveyors have shown a shortage of homes being built in Scotland in the latest market report which is leading to increases in house prices. A net balance of +21% of Scottish surveyors responding to the survey said that house prices rose in January, which was above the UK figure of +8%, says the report from the Royal Institution of Chartered Surveyors (RICS). This comes as a net balance of -12% of Scottish surveyors report a fall in the number of homes becoming available for sale, the tenth consecutive month that the data for new instructions to sell has been in negative territory.

With new buyer enquiries continuing to increase combined with a shortage of new homes, the property that is available has a premium put on it. Many investors are tapping these sites up to experience the big levels of capital growth on their site created by the widening supply and demand gap.

Student city

Glasgow has an estimated full-time student population of 80,000 and with three major universities in the city, the student numbers will continue to grow, which presents many opportunities for student property investment in Glasgow. It has a reputation for one of the most popular and rewarding locations for students, both domestically and for students travelling from overseas.

For more information about our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

AdminProperty Investment Hotspots – Glasgow
read more
Property Investment Hotspots – Glasgow

Property Investment Hotspots – Glasgow

In the latest edition of Property Investment Hotspots, we will be looking at our first city outside of England- Scotland’s largest city Glasgow. Often mistook as the capital city, Glasgow has gone from a humble farming village to one of the UK’s best cities for trade and investment. Here is what makes Glasgow a prime

Property Investment Hotspots – Glasgow

In the latest edition of Property Investment Hotspots, we will be looking at our first city outside of England- Scotland’s largest city Glasgow. Often mistook as the capital city, Glasgow has gone from a humble farming village to one of the UK’s best cities for trade and investment. Here is what makes Glasgow a prime location for property investment.

Accessible and affordable

Many see London as the be all and end of when it comes to the UK property markets, particularly overseas investors. The problem is that London is vastly overpriced when compared to other major UK cities, and this means many investors are priced out with the average London house price paid over the last 12 months at £639,629 (Zoopla).

In comparison, the average price of property in Scotland was £158,094 and just £154,956 in Glasgow. Not only does this make it more accessible for investors, but a strong rental market will help investors to realise strong returns from their initial outlay.

The lower prices mean that property is more accessible and therefore competitive in Glasgow, meaning that the increased demand will only push up prices even more in the future.

High rental yields

Scotland on average has a higher rental yield than both England and Wales. Scotland’s 4.8% average (Dec 2017 figures) compares favourably with the two southern countries’ yield at 4.4%. Glasgow in particular is able to combine a high yield with excellent growth prospects, making it perfect for those investors looking to achieve both with their BTL investment.

Rents in Glasgow increased by 22.4% between 2011 and 2016, and the average rent of Glasgow so far this year have hit £765 per calendar month. This is up from £710 from the first quarter of 2016 when the average rents in Glasgow hit the £700 barrier for the first time. It’s clear that rents are rising progressively in Glasgow, and it would not come as a surprise to potentially see rents go above £800 on average by this time next year.

With the relatively affordable prices and rising rents, this is driving the average yield up in Glasgow too and with the rental growth outlined above, it also means that investors will be able to achieve higher returns from their investment.

Growing economy

Glasgow’s economy has been in good shape for a number of years but a big turning point for the city came in 2014 when the UK government and local council officials signed ‘The City Deal` agreement. This is a pledge to invest more than £1 billion into major infrastructure projects in Glasgow. New developments, enhancements to transport links (including HS2 in the years to come) and thousands of new jobs being created will all boost the economy of Glasgow massively in the next 20 years, and the effect is already being felt.

More and more people are turning to property in the Private Rental Sector (PRS) where all this regeneration is happening which will inevitably lead to big levels of capital growth in the future. This will provide investors with good rental returns in a property they know they can sell on at a profit in years to come.

This, in turn, has had an impact on the number of people living in the city. Analysts are expecting Glasgow’s population to reach 600,000 by 2018, whilst the Greater Glasgow area accounts for more than 40% of Scotland’s entire population. Ultimately, more people, jobs and wealth creation has helped increase the demand for quality rental accommodation and drive the performance of Glasgow’s private rented sector (PRS).

Supply and demand

Many established chartered surveyors have shown a shortage of homes being built in Scotland in the latest market report which is leading to increases in house prices. A net balance of +21% of Scottish surveyors responding to the survey said that house prices rose in January, which was above the UK figure of +8%, says the report from the Royal Institution of Chartered Surveyors (RICS). This comes as a net balance of -12% of Scottish surveyors report a fall in the number of homes becoming available for sale, the tenth consecutive month that the data for new instructions to sell has been in negative territory.

With new buyer enquiries continuing to increase combined with a shortage of new homes, the property that is available has a premium put on it. Many investors are tapping these sites up to experience the big levels of capital growth on their site created by the widening supply and demand gap.

Student city

Glasgow has an estimated full-time student population of 80,000 and with three major universities in the city, the student numbers will continue to grow, which presents many opportunities for student property investment in Glasgow. It has a reputation for one of the most popular and rewarding locations for students, both domestically and for students travelling from overseas.

For more information about our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

AdminProperty Investment Hotspots – Glasgow
read more
5 reasons to invest in Glasgow for Buy-To-Let property

5 reasons to invest in Glasgow for Buy-To-Let property

5 reasons to invest in Glasgow for Buy-To-Let property Scotland has been touted by many investors as the go-to-place right now for Buy-To-Let investments. Major cities like Glasgow and its surrounding areas are providing good return on investments for those looking to capitalise on capital growth and good rents. Scotland’s referendum on independence a few

5 reasons to invest in Glasgow for Buy-To-Let property

5 reasons to invest in Glasgow for Buy-To-Let property

Scotland has been touted by many investors as the go-to-place right now for Buy-To-Let investments. Major cities like Glasgow and its surrounding areas are providing good return on investments for those looking to capitalise on capital growth and good rents. Scotland’s referendum on independence a few years back threw some uncertainty into the mix but with the vote to remain in the UK, the markets stabilised and have gone from strength to strength ever since. In this article, we will discuss some of the reasons why more investors are turning to Scotland to start or diversify their BTL portfolios.

Capital growth

Glasgow and its suburbs are expected to experience the largest rise in house prices in Scotland by 2021 according to Barclays. The Barclays UK Property Predictor provides a three-to-five year forecast of investment hotspots on the residential property market, revealing the areas across the UK where house prices and rental incomes are expected to rise. Affluent areas in Glasgow’s outskirts, East Renfrewshire and East Dunbartonshire, are set to rise by almost a quarter (23.8% / 22.5% respectively) over the next five years.

Glasgow itself has increased by a notable 0.70% a month since June of last year, the second highest across the UK. If this subdued monthly growth continues the Scottish city will see prices hit £285,487 by 2027, a jump of 131%. Many investors are taking advantage of this by investing there now whilst prices are relatively affordable in comparison to other major UK cities. This leads me onto my next point…

Affordability

Understandably, many investors have been priced out of the London markets and with prices merely flat lining since the Brexit vote, there seems no sign of change in the capital. Landlords are turning to other major UK cities in order to achieve everything London can do but at a more affordable price. Glasgow is one such city- the average house price there according to Zoopla currently stands at £173,784 compared to London which is £638,439. This naturally makes cities like Glasgow more accessible to invest in and because prices are still relatively low, it means rental yields stay high for the foreseeable future. This leads me to my next point…

Rental returns

With an ever-growing population expected to rise to 600,000 people by 2018, more property needs to be built to meet the growing demand. This makes any off-plan property in the city or surrounding areas an attractive proposition for an investment as investors know there will definitely be a tenant installed with ease. This provides the investor with a steady stream of income which is rising all the time- from 2010 to 2014, rents in Glasgow rose by 11.1% and in Q4 2014, average rents in Glasgow rose past £600 for the first time. The rental markets see no sign of letting up on residential property or even student accommodation which has risen in popularity too. It’s the perfect city to invest in for a good and reliable source of income every month.

Supply and demand

Many established chartered surveyors have shown a shortage of homes being built in Scotland in the latest market report which is leading to increases in house prices. A net balance of +21% of Scottish surveyors responding to the survey said that house prices rose in January, which was above the UK figure of +8%, says the report from the Royal Institution of Chartered Surveyors (RICS). This comes as a net balance of -12% of Scottish surveyors report a fall in the number of homes becoming available for sale, the tenth consecutive month that the data for new instructions to sell has been in negative territory. With new buyer enquiries continuing to increase combined with a shortage of new homes, the property that is available has a premium put on it. Many investors are tapping these sites up to experience the big levels of capital growth on their site created by the widening supply and demand gap.

A strong economy

Glasgow’s economy has been in good shape for a number of years but a big turning point for the city came in 2014 when the UK government and local council officials signed ‘The City Deal` agreement. This is a pledge to invest more than £1 billion into major infrastructure projects in Glasgow. New developments, enhancements to transport links (including HS2 in the years to come) and thousands of new jobs being created will all boost the economy of Glasgow massively in the next 20 years, and the effect is already being felt. More and more people are turning to property in the Private Rental Sector (PRS) where all this regeneration is happening which will inevitably lead to big levels of capital growth in the future. This will provide investors with good rental returns in a property they know they can sell on at a profit in years to come.

 

Admin5 reasons to invest in Glasgow for Buy-To-Let property
read more