Glasgow is the largest city in Scotland and as such has been a centre of the country’s economy for hundreds of years. Today, many well-known companies are still located in the city and provide prestigious jobs for the region.

These jobs naturally influence the property market in the region and we can use this to our advantage.

Who are the biggest employers in Glasgow?

Glasgow is not only a centre of business, but also a major education hub for the region. Glasgow is home to the University of Strathclyde and the University of Glasgow. These two institutions educate nearly 50,000 students in a wide range of disciplines. In addition, almost 10,000 people work in these universities, who, according to surveys, find their jobs very pleasant.

As a business location, Glasgow must of course also have the appropriate financial infrastructure to allow large companies to continue their work. These services are provided by the various major banks that have a branch in the city. These include Morgan Stanley, J.P Morgan, Lloyds Banking Group and Barclays. These banks employ graduates and professionals of all kinds who have settled in Glasgow.

In addition, Glasgow is a port city that has direct access to the sea. For this reason, many companies from the shipbuilding sector have established themselves in the city. The best known of these companies is BAE Systems. The company is a high-tech enterprise that focuses not only on shipbuilding but also on aeronautics. The Glasgow branch is largely involved in shipbuilding and needs many experienced workers from the region for this.

Last but not least, the port also provides a lot of tourists who want to see the city and its sights. For this reason, many small businesses, such as restaurants and hotels, naturally benefit.

How do these businesses influence the region?

A large city, such as Glasgow, attracts a lot of people with its opportunities who want to work for the big employers or seek out the city’s universities in search of higher education. As a result, the city has been growing steadily again in recent years to make room for the new residents.

Likewise, the universities ensure that many very well-educated workers come to the labour market and look for a job in the region. This is leading to more companies looking to Glasgow as a location to hire these same well-educated individuals.

For this reason, the large employers in Glasgow have a very positive impact on the region and certainly ensure that many individuals in Glasgow can find very good employment and live a good life in the beautiful city.

What does this do to rental prices?

Last but not least, a steady growth in population naturally leads to a higher demand for housing. In addition, there are many people in Glasgow who earn very good money in their jobs, which means that many tenants with purchasing power live in the city. Likewise, there are also many students living in the city who tend to be looking for more affordable housing.

For this reason, Glasgow represents the full spectrum of tenants imaginable. As a result, property prices in Glasgow have risen by around 8% in the last year to a new average of £199,785.