Commonwealth Games Set to Be a Win for Glasgow Property Prices
Following the announcement that Glasgow is to host the 2014 Commonwealth Games, Dandara predicts that property prices in Scotland’s largest city are expected to soar. House prices in some areas of Manchester increased by nearly 200* per cent after the city hosted the Commonwealth Games in 2002.
The next two decades will see £1.6bn** ploughed into the Clyde Gateway and schemes such as Dandara’s iconic gh2o located on the River Clyde are already being snapped up by astute investors.
Hugh McGuinness, Sales Director of Dandara comments: “This is a fantastic win for Scotland and particularly Glasgow. If Glasgow follows the success that Manchester saw five years ago we will expect to see property prices dramatically increase.”
One confident buyer Henry Ainslie, a recent graduate, has already bought a stunning two bedroom apartment at Dandara’s gh2o and hopes to see the Games make him a ‘gold medal’ investment win.
Henry comments: ‘There is so much being invested in Glasgow particularly in and around the Clyde area. ‘gh2o’ seemed like an opportunity that couldn’t be missed. I’d done a lot of research into the area and it quickly become clear to me that buying at gh2o offered huge potential as a lucrative investment especially following the bid for the 2014 Commonwealth Games. Now that the city has won the vote I am even more pleased that I made the decision.’
gh2o, with its eclectic mix of contemporary studio, one, and two bedroom apartments is situated on Glasgow’s West End waterfront, close to where many of the 2014 games events will take place. The SECC and Kelvingrove sports centre, two major sporting venues intended for the 2014 commonwealth games are only a short walk away.
The Commonwealth Games will see the arrival of river taxi’s, improved rail travel, an extension of Glasgow’s underground and a network of cycle and footpaths which pass right in front of gh2o!
Henry continues: ‘I love Glasgow’s West End – it’s so dynamic and everything I need is there. As soon as I walk into my flat I have three floor to ceiling windows with amazing views over the West End and of the old Glasgow University buildings. The superb views, as well as this great opportunity to invest in Glasgow are the reasons I bought the apartment!’
Views of the River Clyde and the city can be enjoyed from glass balconies and terraces set in an eye-catching exterior that displays unique black, white and copper cladding.
Within the development there are 21 different styles of apartment and an impressive 95% of apartments enjoy river views. Kitchens have stainless steel appliances including hob, oven, fridge-freezer, dishwasher and mechanical extractor hood, all of which are cleverly integrated within the kitchen units. Each kitchen opens out onto the living area, making the most of these bright and spacious apartments and ensuring that great views are not just restricted to the living room!
Henry continues: ‘I love living here and I am thrilled that Glasgow’s bid for the 2014 Commonwealth Games was successful. It means a lot to the continuing success of Glasgow and will be great for my property too!’
* www.aboutproperty.co.uk/news/uk-property/england-north-west/
greatermanchester/manchester-property-price-rises-offer-olympic-hope-$12389.htm
** www.glasgow.gov.uk/en/Residents/Environment/Rivers/RiverClyde/Projects/ClydeGateway