Why Work With A Glasgow Estate Agent To Buy Property For Your Uni-Bound Child

An expert Glasgow estate agent can help you find the best deal for a second property — especially if it’s for your student-aged child.

More and more parents are choosing to buy property for their children as they head off to university in Glasgow. And while this might seem like an extravagant move, it can be a wise long-term investment that benefits your family long into the future. 

Glasgow estate agents can help you find suitable properties at surprisingly affordable prices. Read on to find out why working with an estate agent to buy your child a property to live in may be a better option than renting student accommodation. 

Why Buy Property for a Student: Glasgow Estate Agent Advice

1. It’s a long-term investment

Buying a property in Glasgow remains a fantastic investment. While it’s one of the least expensive cities in the UK to buy property, house prices here are increasing year on year. In fact, the average house price soared by a massive 14% in the last 12 months alone. 

There’s also a huge rental demand in the city, making it the ideal place to buy to let. With that in mind, you could opt to rent out spare rooms in the property to help pay the mortgage and other costs. 

A good Glasgow estate agent can help you select the right investment property in the city.

2. Help your child avoid sky-high rents

According to Rightmove, the cost of renting in Glasgow has rocketed by 10% since the coronavirus pandemic started, with the average rent in the city now £992 per month. This is well worth considering when deciding whether to buy your child a property while studying at university. 

Buying a property is likely to be much more cost-effective once the initial costs have been paid, with average mortgage payments often significantly less than average rent payments.

Read more: Why We’re the Best Glasgow Letting Agents for Students

3. Help your child onto the property ladder early

Helping your child onto the property ladder at an early age will benefit them long into the future. Although property values may drop over the course of the mortgage, they’re still likely to rise overall. Therefore, if you buy your child a property while house prices are lower, the value in the house will increase as the market recovers. 

And if they get on the property ladder at 18, they stand to have considerable equity in their property by their late 20s and 30s. They are also more likely to be mortgage-free at an early age, giving them greater freedom to retire early if they choose to. 

Buying Property for the Student in the Family? Use a Reputable Glasgow Estate Agent 

Knowing where to start when buying a property for your child can be difficult, particularly if you don’t live in the city. That’s why many parents choose to work with Glasgow estate agents with expert knowledge of the different properties currently on the market. A local estate agent can help you find the right property for your child, helping to secure an investment that benefits your family long into the future.

To buy your child a property to live in while studying, contact a leading Glasgow estate agent (like Cairn!). We can help you find a suitable home in the city at the right price. 

Get started here.