Invest In Paisley, Renfrewshire
Paisley, perfect for buy to let BMV properties.
In 2017-18, the total market value for Scotland was £17.9 billion, a decrease of 22.3% compared to 2007-08. This is in large part due to the financial crisis in 2007-08.
However, the value of the residential property market is now following an upward trend with an increase of 7.8% between 2016-17 and 2017-18 and a rise of 62.7% between 2011- 12 and 2017-18.
Of all the local authorities, Renfrewshire showed the highest increase in sales volumes over the last five years at 75.2%.
public sector investment, Paisley and Renfrewshire look set for rapid growth in the coming years.
Renfrewshire is home to Glasgow International Airport and only 12 minutes from Glasgow City Centre.
It contributes up to £2.9 billion GVA to the Scottish economy annually and now more than 4,000 businesses call it home.
Between 2016 and 2026, the number of households in Renfrewshire is projected to increase by over 5,500 (6.5% increase) to 89,527.
It has a growing economy with investments of £274 million, a share of the £1.13 billion Glasgow City Region City Deal that is set to also create tens of thousands of jobs.
Property Investments in Paisley, Renfrewshire?
Being located so close to Glasgow, Paisley is near to lots of city centre attractions including the Glasgow Science Centre, Ibrox Stadium, The Tall Ship at Riverside and Kelvingrove Art Gallery and Museum. Scotland’s biggest city is also home to Glasgow Riverside Museum, Glasgow Botanic Gardens and the Scottish Football Museum.
£100 million is being invested to transform Paisley’s town centre venues and cultural infrastructure over the next few years.
Key projects at the moment include:
£42 million is being invested to transform Paisley Museum into an international-class destination predicted to attract around 125,000 visitors a year into the town centre.
Paisley Town Hall is receiving £22 million for internal refurbishment to position it as one of the top landmark entertainment venues in the West of Scotland.
£7.7 million is being invested into St James Playing Fields – a project to create new outdoor space capable of hosting major events.
A £10 million project is under way to reimagine some of the town centre’s key outdoor areas and improve road and transport links.
Ready to invest?
If you would like to know more about investing in Paisley, then please contact us by telephone on 0131 510 8212 or via email at our Contact us page.