(PRWEB UK) 24 April 2013
Often, when people talk about living in converted property, the first thing that comes to mind is an ancient, rural building – like a barn, stable or church.
However, when Lettingweb looked at Glasgow’s conversions they saw something quite different. It was ex-industrial buildings that made up the majority of buildings that have been renovated into flats or houses, making up almost 20% of the market in 2012 and even more in 2011. When Warehouses are taken into account, that number is even higher – a staggering 28% of all converted property was from industry.
Other types of conversions do not match up to the ubiquity of industrial buildings. Glasgow’s strong religious history is reflected in its high numbers of places to live that are converted from churches, but these still make up just 11% of the homes available. It says much about Glasgow’s rich history though that churches and industrial buildings are so prominent amongst it’s converted architecture.
Perhaps unsurprisingly, the report also showed that these properties are more popular than others on Lettingweb – pulling in 10% more enquiries than other properties on average over the past 5 years.
The news comes as part of a wider investigation into buildings converted for the private rental market carried out by Lettingweb, in which they discovered that the total numbers of converted properties has been steadily increasing year on year since 2008. The total number of conversions on the site is now 250% higher than it was 5 years ago.
Patrick Foot, Lettingweb’s product manager, commented that ‘our examination of converted properties on the site has really thrown up some interesting results, and the prevalence of industrial conversions is fascinating.’
‘It’s great to see the history of a city come through in its property market, and for tenants to get the chance to stay in these great buildings that they may not be able to afford to buy. It also shows that, whilst buying property may be a hazardous course to take at the moment, the choice for rentals has never been better.’
Click here to see the properties that Lettingweb currently have on offer in Glasgow.
1. For further information or to speak to Steve TIgar please contact Lettingwebs Press Office:
Patrick Foot: 0131 557 7770
Email: marketing (at) lettingweb (dot) com
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2. For more information of Lettingweb, please visit their website:
Lettingweb are Scotlands largest letting agent organisation, and the biggest letting-only marketplace in the country. Founded in 1999 by a letting agent who saw the opportunity to utilize the web to make letting better, they quickly rose to become a market leader and have remained there ever since.
Combining a site with the best choice of lettings in the country and a network that distributes property to more sites than any other in Scotland, Lettingweb offer a way for agents, tenants and landlords to have an easier time renting in a turbulent market.