Glasgow Property Market 2025: Will Prices Rise or Fall?

Glasgow’s housing market has remained strong and resilient, with prices rising by 7.3% in 2024 according to the Office for National Statistics (ONS, 2025a, 2025b). The average property price now stands at £184,000, making it significantly more affordable than Edinburgh (£289,000).

Experts predict that house prices will continue to rise in 2025, but at a steadier pace. According to Savills (2024), UK house prices are expected to increase by 4% this year, with Scotland being one of the more stable markets.

Meanwhile, Zoopla (2025) has identified Glasgow as one of the UK’s top markets for house price growth in 2025, alongside Motherwell and Paisley.

So, what does this mean for buyers and sellers? Let’s take a closer look at the market trends.

House Price Trends: 2024 Recap

Last year, property prices in Glasgow saw steady growth, particularly for larger homes.

Key Stats from ONS (Dec 2024):

• Detached homes: £483,000 (+11.5%)
• Flats & Maisonettes: £156,000 (+6.4%)
• Average house price overall: £184,000 (+7.3%)

Detached homes saw the highest price increase of 11.5%, reflecting strong demand from families and upgraders in popular areas like Bearsden and the West End.

Meanwhile, flats and maisonettes rose by 6.4%, indicating steady demand from first-time buyers in more affordable areas like Dennistoun and the Southside.

Glasgow vs Edinburgh: How Do Prices Compare?

Glasgow remains far more affordable than Edinburgh, which had an average house price of £289,000 in December 2024.

City	Average House Price (Dec 2024)	Annual Growth
Glasgow	£184,000	+7.3%
Edinburgh	£289,000	+7.0%

For first-time buyers, Glasgow is a much cheaper option, with an average first-time buyer property costing £166,000, compared to £243,000 in Edinburgh.

What’s Driving House Prices in Glasgow?

Several key factors are shaping Glasgow’s property market in 2025.

1. Interest Rates & Mortgage Affordability

Key Data from Bank of England (2025) (Feb 2025):

• Current Bank Rate: 4.5% (next review: March 2025)
• Inflation Rate: 3% (falling towards the 2% target)

If rates drop later in 2025 as predicted mortgages will become cheaper, allowing more buyers to enter the market, which could push house prices higher (The Times, 2025).

2. Supply & Demand Imbalance

Glasgow is facing a shortage of homes, particularly in sought-after areas like:

• Bearsden & West End – High demand from families and professionals.
• Dennistoun & Southside – Attracting first-time buyers due to affordability.

With fewer homes available, prices are expected to remain strong throughout 2025.

3. Glasgow’s Growth: New Housing & Transport Developments

Glasgow is seeing significant growth in housing developments and transport infrastructure, enhancing connectivity and supporting property market growth.

UPCOMING HOUSING DEVELOPMENTS:

• King’s View, Toryglen – The final phase of Cruden Homes’ development launches in Spring 2025, offering a range of modern homes (Cruden, 2024).
• Minerva Street, Finnieston – Kelvin Properties is developing 59 luxury apartments, including penthouses with panoramic city views (Kelvin Properties, 2024).
• Pine Place, Gorbals – A development of 28 energy-efficient homes, including flats and terraced houses, revitalizing the area (Glasgow Chamber of Commerce, 2024).
• Collegelands, Calton – A £95 million project bringing 600 student accommodations, 147 apartments, a new arts centre, and a 2.5-acre park (Scottish Housing News, 2024).

KEY TRANSPORT UPGRADES:

• East Kilbride Line Electrification – Service upgrades and electrification between January–May 2025, improving train reliability and property demand (ScotRail, 2024).
• Balgray Station, Barrhead – A new £18 million train station, opening in 2026, set to improve commuter access between Glasgow and East Renfrewshire (BBC, 2024).
• Buchanan Bus Station Redevelopment – Scotland’s largest bus station is undergoing a major redesign, improving connectivity and enhancing nearby property values (The National, 2024).

These developments highlight Glasgow’s ongoing investment in infrastructure and housing, making it an attractive market for buyers and investors.

4. Strong Buyer Demand in Scotland

According to Zoopla (2025), Scotland has some of the UK’s strongest housing markets in 2025. Their latest report ranks Glasgow second in the UK for house price growth potential, just behind Motherwell.

The top five housing markets in Scotland this year include:
1. Motherwell – Average price: £129,000 (+3.8%)
2. Glasgow – Average price: £157,764 (+2.9%)
3. Paisley – Average price: £134,472 (+1.3%)
4. Falkirk – Average price: £164,106 (+3.5%)
5. Kirkcaldy – Average price: £164,694 (+3.3%)

Zoopla reports that Scottish cities are benefiting from affordability, strong rental demand, and high buyer confidence, making them some of the best places to invest in 2025.

Will House Prices Rise or Fall in 2025?

Expert Forecasts:

• Savills predicts UK house prices will increase by 4% in 2025.
• Zoopla ranks Glasgow among the top housing markets in the UK for growth.
• Glasgow’s most promising areas: Dennistoun, Govan, and Partick.

While experts predict steady price growth, it’s important to note that market conditions can shift. If mortgage rates do not fall as expected or economic conditions change, this could impact demand. However, Scotland’s affordability and high rental demand continue to support market stability (The Times, 2025). Overall, while growth is expected, market conditions will depend on interest rates, demand, and supply constraints

What This Means for Buyers & Sellers

For Buyers: Should You Buy Now or Wait?

• Glasgow remains more affordable than Edinburgh.
• Mortgage rates could drop later in 2025, but waiting might mean higher competition.
• First-time buyers should look at areas like Dennistoun and Govan for long-term value.

For Sellers: Is 2025 a Good Year to Sell?

•  House prices are still rising, making now a good time to sell.
•  Sellers in high-demand areas like the West End and Bearsden will continue to see strong offers.
• Market conditions may change later in 2025, so selling early in the year could be a smart move.

Final Thoughts

Glasgow’s property market is set for steady growth in 2025, with prices expected to rise between 2.9% and 4%, according to Zoopla and Savills.

While interest rates and supply shortages will shape the market, Glasgow remains one of the most affordable and best-performing cities for buyers and investors in Scotland.

Stay ahead of Glasgow’s property market with TKS Real Estate. If you’re considering buying or selling, get in touch for expert insights and to book your free valuation today.

Sources Referenced:

Savills (2024): Average House Prices to Increase by 23.4% Over the Next Five Years
Zoopla (2025): Housing Markets with Best Prospects for House Price Growth
ONS (2025a): House Prices in Glasgow
ONS (2025b): House Prices in Edinburgh
Bank of England (2025): Interest Rate and Bank Rate
The Times (2025): Morgan Stanley Predicts Five UK Interest Rate Cuts This Year
Cruden (2024): King’s View Development
Kelvin Properties (2024): Minerva Street Apartments
Glasgow Chamber of Commerce (2024): Pine Place Development
Scottish Housing News (2024): Collegelands, Calton
ScotRail (2024): East Kilbride Line Electrification
BBC (2024): Balgray Station Opening
The National (2024): Buchanan Bus Station Redevelopment