Market update from our Glasgow and Argyll branches – May 2026
We look at what is happening in the property market locally and nationally with updates from our branches in Shawlands, Cardonald and Dunoon.

April 2026
Before we look at this month, we can now look back on the stats for the month of April. As you can see from the above snapshot of our performance figures, we agreed 31 new sales for our owners (compared to 37 in March 2026) and brought 37 new client’s properties to the market (33 – March 2026). We also visited 82 homes to carry out market appraisals and valuations for homeowners (82 – March 2026).
Buyer activity was steady in April with 522 new buyers (664 – March 2026) registering for our ‘Heads Up’ property alerts and 600 viewings (624 – March 2026) carried out.
Tenant demand dropped significantly during the month with 144 new tenants registering with us in January (304 – March 2026).
May 2026
Glasgow Update
Craig Smith from the Shawlands branch in Glasgow commented “Overall, demand across Glasgow remains robust, particularly for well-presented properties in desirable areas. We've observed a steady flow of enquiries and viewings, suggesting that serious buyers are actively engaged. While the frenetic pace of previous years has moderated slightly, properties that are accurately priced and effectively marketed are still attracting strong interest and competitive offers at closing dates.
One of the most critical aspects for sellers right now is pricing. Over-optimistic pricing can lead to properties lingering on the market, eventually requiring price reductions.
Mortgage rates have stabilised somewhat, providing buyers with more certainty than in recent months. This stability is contributing to renewed buyer confidence, which is a positive sign for sellers. While affordability remains a consideration, serious buyers are adapting to the current lending landscape."
Property of the Month
Our Glasgow property of the month is a commercial property on Battlefield Road in the heart of Battlefield. As well as being an excellent location for a business, this main door flat offers the potential to be switched back to a residential home. On the market at offers over £199,000 we’ve already seen strong interest over the first few days of marketing.
Sale of the Month
Sale of the month is Kirkoswald Road in Newlands. This 3 bedroom flat attracted 34 viewers and sold for almost 20% over the home report value at the closing date!
Dunoon Update
Happy Days in Argyll – Summer Arrives, and So Do the Buyers
Walter MacLean from our Argyll branch in Dunoon comments “With the sunshine finally breaking through, Argyll is buzzing with renewed energy. Over the past few weeks we’ve seen a marked rise in serious buyers, quicker sales across all property types, and a welcome surge of new homes coming to the market. As we move into summertime on Monday, momentum is building beautifully, setting the stage for a vibrant season ahead for both buyers and sellers.”
Dunoon Gets Ready for the Argyll Car Rally – 19 & 20 June 2026
Excitement is already growing for the iconic Dunoon Town Centre Stage: a thrilling three quarter mile sprint through packed streets, run twice to kick off the weekend. The action then heads into the countryside for five challenging stages before finishing with the dramatic eight mile Oyster Catcher night test. Nearly 26 competitive miles of pure spectacle.
Property of the Month

Property of the month is Duncreggan View, Blairmore, A stunning two bedroom home with beautiful gardens and a character filled interior perfect for those seeking charm, space and coastal tranquillity. A rare find in one of Cowal’s most picturesque coastal villages. On the market at offers over £325,000.
Sale of the Month
Sale of the month is Elmbank, Strone. A magnificent traditional stone villa set within mature gardens and complete with its original coach house a standout sale in a thriving market. Its successful sale reflects the strong demand for quality homes in the area.
Rightmove House Price Index
We take a look at what is happening nationally with the Rightmove House Price Index for May 2026. Here are the keys takeaways and headlines from the report:-
Affordability drives a north-south price growth divide, but market remains confident
- Average price of property coming to market rises by 1.2% (+£4,333) in May to £378,304, exceeding the typical ten -year May increase of 1.0% as market confidence remains surprisingly strong. However prices have fallen by 0.3% since May 2025
- Buyer choice is at its highest for this time of year since 2015, and with 32% of existing homes for sale seeing a price reduction, new sellers need to price more competitively, as over-optimistic initial pricing is leading to longer selling times
- The housing market remains confident overall despite global uncertainty and resulting cost-of-living pressures, with the number of sales agreed just 4% below last year when mortgage rates were significantly lower, yet still up 2% on the same period in 2024
- The number of sales agreed in the heavily mortgage-dependent first-time buyer sector is continuing to hold up (also 4% below last year) but is dependent on lenders continuing to lend at higher Loan-To-Value ratios
- In this sector we have also seen an annual drop in average prices of 0.7% which is helping to ease affordability at the entry level, contrasting to the 0.3% national fall in prices for the market overall
- However, buyer affordability is driving a clear year-on-year north–south divide in price growth, with the more affordable North East (+2.7%) and North West (+2.6%) continuing to grow, while London (-2.4%) and the South East (-1.6%) are seeing price falls
- Rightmove’s daily mortgage tracker shows that the average two-year fixed rate has dropped to 5.18%, from 5.42% last month, providing a small but welcome boost to buyer confidence and affordability
- In Scotland, average new seller asking prices reduced by 1.3% this month to £205,368. Year on year asking prices are currently 1.9% higher than May 2025. Average time to find a buyer is 31 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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