Paisley has been named the fastest growing property hotspot in the UK. The news comes as NIXON will be building and managing the quantity surveying and project management of a new The Millhouse Paisley – a new development for the town.
The report, complied by Rightmove, identified the historic town as Britain’s top property hotspot, with asking prices surging by 15% over the past year.
Lancaster and Wigan in northern England were among the top three places in the listed.
Rightmove said local estate agents in Paisley reported that access to nature and green spaces contributed to the rising prices.
Curtis Chisholm, director at Cochran Dickie estate agency, said: “The demand for Paisley can be attributed to the fact that you can get more for your money here than in Glasgow’s West End or South Side, especially with the ease of commuting coupled with quality homes in very desirable addresses.”
The average asking price of a home in Paisley is currently £126,903, which is £16,183 more expensive than a year ago. However, average asking prices in the town are £191,677 cheaper than the average across Britain, at £318,580.
They are also £34,619 cheaper than the average across Scotland of £161,522.
Rightmove’s director of property data Tim Bannister said: “Demand for property in Paisley is very high at the moment, with searches for homes to buy in the town having risen by 44% compared to this time last year.
“Naturally, demand leads to rising prices and with swathes of rolling countryside on the doorstep, it makes sense that Paisley is such a popular destination for home movers looking for more space.”
This is welcomed news to us as Savills has launch our new development The Millhouse.
With a 15% rise in house prices, Paisley is booming!
The Millhouse is a new and stylish development of 34 contemporary yet affordable two and three bedroom apartments for sale, complete with restaurants below.