Glasgow overtakes Edinburgh in 'hipster hotspots'

Property growth in Glasgow's up-and-coming or 'hipster' areas has pipped Edinburgh's in a new study by property website, Zoopla.

Zoopla identified well-known areas that have recently become – or are in the process of becoming – ‘gentrified’ in 10 of Britain’s largest cities, and looked at property value growth in these locations since January 2017.

Picture: a two bedroom flat for sale in Finnieston, Zoopla

In Scotland the fastest growing area is Glasgow's Finnieston, which has seen a growth of 0.65% - with property prices rising from £204,735 to £206,067 - from January to July this year

In Edinburgh, it's Portobello High Street that was seen as a 'hipster hotspot', but the property growth has dropped -0.87% with average prices going from £260,568 to £258,313.

Picture: a two bedroom flat in Portobello High Street, Zoopla

This drop makes Edinburgh number ten on Zoopla's list, whereas Glasgow is number eight.

Lawrence Hall, spokesperson for Zoopla comments: "Scotland has its fair share of trendy, up-and-coming areas that are attracting younger renters and buyers.

"Finnieston, Glasgow is Scotland’s best performing ‘hipster hotspot’ with an average property price growth of 0.65 per cent since the start of the year.

"While Edinburgh’s Portobello High Street property price growth has declined slightly since January, it’s still one of the most popular neighbourhoods in the capital city.”

Down south, Birmingham’s Harborne is Britain’s fastest-growing ‘hipster hotspot’ according to the new data.

The up-and-coming Birmingham suburb has experienced a 3.04 per cent increase in average property prices since the start of the year, out-performing the rest of Britain, which has seen average property values rise by just 0.67 per cent.

Britain’s second city dominates the rankings with five out of the top 10 hotspots (Harborne, Great Barr, Mosley, Kingstanding, Strichley) located in Birmingham.

In contrast, London’s popular hipster hangouts haven’t performed as well.

Renowned hipster favourite Shoreditch has seen modest growth of just 0.68 per cent (£3,536), as has neighboring Dalston (0.55 per cent). Stratford is the capital’s best performing ‘hipster hotspot’, and the only London neighbourhood to make the top 10, with strong price growth of 1.37 per cent.