Market update from our Glasgow and Argyll branches – August 2025
We look at what is happening in the property market locally and nationally with updates from our branches in Shawlands, Cardonald and Dunoon.
July 2025
Before we look at this month, we can look back on the stats for July. As you can see from the above snapshot of our performance figures, we agreed 38 new sales for our owners (compared to 42 in June 2025) and brought 31 new client’s properties to the market (50 June 2025).
In total, we visited 76 homes to carry out market appraisals and valuations for homeowners during July.
Buyer activity and demand were impacted by holiday’s and dropped significantly during the month with 400 new buyers (816 June 2025) registering for our ‘Heads Up’ property alerts and 395 viewings (796 June 2025) carried out.
Tenant demand remained high with 515 new tenants registered with us in July (531 June 2025).
August 2025
Gregor Cope from the Shawlands branch in Glasgow reported “August has proven to be a very good month for the property market in both our sales and letting departments in the Shawlands Office. The sales department has continued to see strong levels of interest with offers at closing dates ranging between 14% and 21% above home report values. We have seen a number of first time buyers able to secure properties with quick high offers, thus avoiding the dreaded closing date. Stock levels are up slightly but buyer demand is still higher than properties available. If you are thinking of selling, my advice is don't hesitate!
The rental market remains strong with high demand for good rental properties. This is partially driven by there being less private landlords within the market. Many of these landlords have decided to sell due to ongoing legislation and the rising costs of renting. However, we continue to receive several applications for each rental property, giving landlords a choice when selecting the appropriate candidate for tenancy.”
Property of the month in Glasgow is this beautifully presented two bedroom ground floor flat located in the ever popular and peaceful setting of Bennan Square in Govanhill. Presented in excellent condition, this property certainly has the instant wow factor!
Sale of the month is Ravenswood Drive in Waverley Park, Shawlands. This traditional sandstone terraced home attracted plenty of attention and sold for an exceptional price at a closing date.
It is a similar story in Dunoon, with Walter MacLean commenting “August has been a very busy month in Argyll with many new properties coming to the market and many sales over all price ranges. Looking forward to a busy September!”
Property of the month in Dunoon is a stunning 3-bedroom semi-detached cottage in the popular area of Edward Street in Dunoon. This deceptively spacious property is presented to the market in a truly walk-in condition.
Sale of the month was this exceptional 4-bedroom house offering stunning sea views, versatile living spaces including an annexe, and a large garden. Located in an elevated position within the charming coastal village of Kirn, Dunoon.
Rightmove House Price Index
We take a look at what is happening nationally with the Rightmove House Price Index for August 2025. Here are the keys takeaways and headlines from the report:-
- The average price of property coming to the market for sale drops by a seasonal 1.3% (-£4,969) this month to £368,740. August’s price drop is in line with the ten-year average following the bigger than usual falls in June & July
- Savvy summer sellers are pricing realistically to attract holiday-distracted buyers. Lower asking prices and good buyer choice are continuing to boost sales activity, resulting in the best July for sales agreed since 2020’s active post-lockdown market
- The number of sales being agreed is now 8% ahead of this time last year as serious buyers and sellers lock in deals
- The number of homes for sale is now 10% up on this time last year muting the annual price increase to just 0.3%
- It’s a two-speed market. While many sellers are pricing competitively and agreeing sales, others are still pricing too high
- 34% of properties for sale are reduced in price, and since 2012, it’s only been higher at this time of year in 2023
- The overall average time to find a buyer is now 62 days, however, it takes an average of 32 days to find a buyer if a property doesn’t need a price reduction, versus 99 days if it does
- The Bank of England’s third rate cut of the year helps buyer optimism and affordability further, with Rightmove’s daily mortgage tracker showing that the average two-year fixed mortgage rate is now 4.49% compared with 5.17% at this time last year
- However, the closer than expected Bank vote has cast some uncertainty over a fourth cut before the end of the year
- In Scotland, average new seller asking prices dropped by 1.0% this month to £197,620. Year on year asking prices are currently 2.9% higher than August 2024. Average time to find a buyer is 33 days.
As always, if you have any questions relating to the property market or would like to discuss the current valuation of your home, please feel free to get in touch with your local Scottish Property Centre branch.
Looking to move in 2025? Get ahead and register for our ‘Heads Up Property Alerts’
Scottish Property Centre have branches in Dunoon, Cardonald and Shawlands covering the Argyll and Glasgow property markets. We have local experts serving local people.
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