Paisley Property Boom

Paisley has recently been named the property growth hotspot of the UK, with a 15% rise in house prices over the past year. This means the average asking price has risen by around £16,000. Why are more people flooding into Paisley and what could this mean for the town’s growth overall?

The pandemic has undoubtedly set in motion a change in all of our priorities. As many of us made the switch to work from home, it’s become apparent that city living is no longer a requirement to have a successful career. With that in mind, it’s no wonder that Paisley has become such a desirable place to live. As the Gazette reported, Curtis Chisholm, director at Cochran Dickie estate agency, said: ‘The demand for Paisley can be attributed to the fact that you can get more for your money here than in Glasgow’s West End or South Side, especially with the ease of commuting, coupled with quality homes in very desirable addresses […] Paisley is a very historical town with fabulous culture.’ 

All of these aspects undoubtedly come into play here. Paisley has a wealth of transport links which make it easy to travel elsewhere for work, as well as giving buyers better value. Plus, the lockdown has made many of us realise the importance of a good work-life balance. More space, particularly outdoors, is fast becoming what we all crave after being locked down for a year. With parks and countryside woven into the town just as much as the High Street and residential areas, it makes sense that people have turned to Paisley following the change of lifestyle the pandemic has given us. Many people will be choosing somewhere they can take their dog or children on a walk surrounded by nature, whilst still being able to travel to cities when they need to. It’s not far to the seaside either, and as we’ve all been limited to at-home holidays, easy access to summer days out may continue to appeal to people for years to come. What’s more, as we all spend more time in the place we live, a town with a cultural background such as Paisley is not something people will be shying away from. The Paisley boom hopefully points to a move away from being a workaholic society, and towards enjoyment of greener areas and historic locations, without being too far from pubs, restaurants and local shops. 

With the shift towards remote work, many companies now recognize that employees can perform their duties from home. For example, a friend who was once required to relocate to London for his job is now only required to visit the office once a month. This flexibility has allowed people to rethink their living locations. Instead of moving to bustling cities like Manchester or London solely for career purposes, they can now consider living in places that suit their lifestyle and proximity to family. For those looking to relocate or downsize, a Fast Home Sale Manchester option could be the perfect solution for selling quickly and moving to a more desirable location.

Ideally, this property boom in Paisley will mean great things for the town, particularly as it coincides with other exciting projects like the refurbishment of Paisley Museum and Coats Observatory. With it becoming an increasingly desirable place to live, we must ensure that means we are all not just living here, but spending here. If everyone moving to (or back to) Paisley consciously bought from local businesses, this property boom could lead to growth in many other sectors and see the rejuvenation of many other buildings and areas. This would make for an even more vibrant, bustling, and culturally rich town than the one we know and love now.  The author of the article is Rachel Campbell