2021 has undoubtedly been one of the most successful years for the UK housing market. Following last year’s lockdown, which severely impacted the UK housing market, this year has seen record sale prices up and down the country. As 2021 draws to a close, sales are expected to reach a staggering £437bn.
Within the Scottish housing market, the bounce-back has been equally impressive, evident across every single region and property type. In Scotland, the average house price has increased by a healthy 8.5% in the past 12 months and it remains a highly competitive rising market. Buyer demand has never been stronger this year, powered by low mortgage rates.
Industry experts Zoopla predict that house prices will slow to 3% in 2022, but the Scottish market is set to continue to do well. In Stirling, with demand still outstripping supply, a healthy housing market is likely to continue.
WHAT ARE THE AVERAGE HOUSE PRICES IN STIRLING?
From March to November 2021, the average selling price in the wider Stirling and Clackmannshire area was £323,878 according to the ESPC.
Within Stirling itself, the average prices were £210,711 according to Zoopla. This month, the average price for property stands at £225,387, representing a rise of 0.65% this year.
The median selling time was down too, with the average property selling in just 16 days. Four bedroom houses were in the highest demand throughout 2021, however, flats in Stirling enjoyed strong sale prices with the average flat selling for an average of £167,000. Terraced houses sold for around £178,000, up an average of £10,000 from 2020.
STIRLING PROPERTY MARKET PREDICTIONS: WHAT TO EXPECT IN 2022
Stirlingshire is unique in that the City of Stirling is surrounded by farmland and small towns, meaning there’s a mixture of city, suburban, and rural living. For buyers and renters looking to benefit from access to more green spaces, Stirling is an attractive option.
Catering to all budgets and home buyer requirements, the market across Stirling is set to remain strong for all types of buyers. As a result, continued growth in 2022 is expected
Sellers should be aware of the continued demand for larger homes with gardens as buyers move out of city centres. Learn more about some of the predicted changes in buyer behaviour in our guide.
Stirling has also been voted the happiest place in Scotland to live, thanks to its green spaces, surrounding nature, a strong sense of community and local amenities. Buyer demand is set to continue across this area in 2022.
GET A HOME REPORT FROM THE HOME REPORT COMPANY
With the Scottish property market conditions looking positive, it’s always worth being prepared as a seller or a buyer. Getting a Home Report early is the ideal way to prepare and avoid any sudden surprises. Read our expert guide to learn more about Home Reports and what documents are included.
If you have any questions about buying or selling property or would like to ask us for more information give us a call 0131 608 0175 or email enquiries@homereportcompany.co.uk.
