Market update from our Glasgow and Argyll branches – February 2026
We look at what is happening in the property market locally and nationally with updates from our branches in Shawlands, Cardonald and Dunoon.
January 2026
Before we look at this month, we can look back on the stats for the first month of the year. As you can see from the above snapshot of our performance figures, we agreed 15 new sales for our owners (compared to 16 in December 2025) and brought 27 new client’s properties to the market (17 - December 2025). We also visited 72 homes to carry out market appraisals and valuations for homeowners.
As expected, buyer activity increased in January with 374 new buyers (235 – December 2025) registering for our ‘Heads Up’ property alerts and 323 viewings (220 – December 2025) carried out.
Tenant demand remained steady with 217 new tenants registering with us in January (211 - December 2025).
February 2026
Glasgow Update
Gregor Cope from the Shawlands branch in Glasgow commented “February has been a very positive month across the sales market with properties that we would consider as prime for the First Time Buyer market being sold regularly at closing dates. The market for buyers who are upsizing also continues to be competitive with many closing dates and achieving more than the average 10% above home report values.
A settled mortgage market helps with stability in the market and although there is commentary that interest rates may fall in the next 3 - 6 months, it is not anticipated that mortgage products will be materially reduced. This is primarily due to the competitive mortgage rates currently available. If you are holding off buying hoping for interest rates to drop, the general advice is not to wait.
Within the rental market we are continuing to see prospective tenants being selective with the majority preferring unfurnished properties. We are advising landlords to correctly price their properties to attract the right tenants and minimise void periods.”
Chris Tolland from the Cardonald branch reports “The Cardonald office has enjoyed a steady start to 2026, with February proving to be an excellent month after a strong January.
Mosspark, Cardonald and Hillington continue to be very popular areas amongst buyers, with seven properties going to closing dates this month.
After the Bank of England held interest rates, this appears to have positively impacted the market, with many buyers willing to offer that wee bit extra to secure their dream home.”
Argyll Update
Walter MacLean from our Argyll branch in Dunoon comments “After a slow start to the year, the market has really found its stride. We’re seeing a strong flow of new buyers entering the Argyll property scene, which is driving up viewing numbers and boosting sales right across the area.
There is plenty of catching up to do as we prepare a wave of new listings, everything from impressive villas to well sized family homes, flats, and apartments set to hit the market over the next week or so. It’s shaping up to be a busy and exciting period with more sales and new instructions on the horizon.”
Property Highlight
Shawlands
Property of the month is this two bedroom lower cottage flat at Ferncroft Drive in Croftfoot at offers over £119,000. We have sold a lot of cottage flats over the years and they are as popular as ever. We love the layout change here, with a larger kitchen and French doors to the garden. It has just launched and we have 19 viewings booked in so far so we aren’t the only ones that love it!
Sale of the month is Auldhouse Road in Newlands. This three bedroom traditional terraced house was sold in just under 2 weeks after an exceptional offer was secured at the closing date. We were delighted for both the owner and buyers who we’re sure will love this home for many years!
Cardonald
Property of the month is 924 Mosspark Drive. After buying the property from our office in 2022, we were delighted to help our clients sell their home. We achieved a fantastic sale at closing date, 15% over the home report. Congratulations guys!
Sale of the month goes to 108 Cairnhill Circus. After 20 viewings and 10 offers, this beautiful family home went to a closing date in December. An offer of over 10% above the home report was accepted by our clients, an excellent deal all round!
Dunoon
Property of the month is Avalon, Fir Brae, Sandbank. A stunning 5 Bedroomed house in walk in condition and on the market for Offers Over £390,000.
Sale of the month is 5 Bogleha Green, Dunoon. This 2 bed semi detached home sold within a week of listing!
Rightmove House Price Index
We take a look at what is happening nationally with the Rightmove House Price Index for February 2026. Here are the keys takeaways and headlines from the report:-
UK house prices stand still in February but still strongest start to a year for prices since 2020
• The average price of newly listed homes for sale is virtually flat in February , down by just £12 (-0.0%) to £368,019
• Despite the standstill in prices in February, January’s record asking price increase for the time of year means that it is still the strongest start to a year for asking prices since 2020, with prices up by 2.8% since December
• Early year price growth was front-loaded into January as confidence rebounded after the prolonged Autumn Budget uncertainty. However, high choice of homes for sale and steadying buyer activity have prevented a February rise
• 2026 is shaping up to be a good year to buy due to improved affordability and plenty of choice
• Average property prices same as a year ago, particularly beneficial to first-time buyers saving up their first deposit
• Average earnings are up by 4.7% year-on-year, outpacing the last three years of cumulative property price growth
• Number of homes for sale is at an 11-year high for this time of year, giving buyers more choice and negotiating power
• Lenders are continuing to offer ways for eligible buyers to borrow more
• Average mortgage rates are still near their lowest level since September 2022’s mini-Budget
• Rightmove’s daily tracker shows that the average two-year fixed mortgage rate is now 4.28%, significantly down from the 4.96% figure a year ago
• In Scotland, average new seller asking prices increased by 4.1% this month to £194,815. Year on year asking prices are currently 2.3% higher than February 2026. Average time to find a buyer is 50 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 2026? 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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