The firm has published its latest statistics for the first quarter of 2018 (Jan March), which saw a 22% increase in the number of properties available to sell through Galbraith in Castle Douglas, and twice the number of properties going under offer, in comparison to the previous quarter.
Property viewings increased considerably with a 68% increase on last quarter and a 79% increase in the number of market appraisals carried out. The number of prospective buyers actively registering with the Castle Douglas office also increased significantly this quarter, up 78% on the number of registrations made in the final quarter of 2017.
The Dumfries & Galloway property market continues to attract buyers from the rest of the UK who acknowledge the affordability on offer in the area, with 50% of buyers being English. 38% of buyers were Scottish and the remaining 13% were international buyers.
David Corrie, head of sales for Galbraith in Castle Douglas, said:
The demand for property in Dumfries & Galloway remains very healthy with active buyers quick to move when the right property comes on the market. We are witnessing good sales for smaller properties and mid-range properties where the market presents a great lifestyle choice due to the affordability and accessibility of property in this region. We recently handled the sale of a property which achieved 8% over the asking price within only 11 days of coming onto the market. The market still remains price sensitive, but demand for property has increased in line with a slightly reduced supply.
Marion Currie, residential associate in Castle Douglas, added:
We are seeing activity rise across the board but most notably in the west of the region, which has traditionally been slower than other pockets of Dumfries & Galloway. We now have a dedicated Wigtownshire consultant, Sheena Ramsay to lead sales in that area and as such we have brought more properties to the market and are achieving good sales in the west of the region. We believe the area will continue to show healthy activity throughout the peak summer selling period.
Across Scotland as a whole, Galbraith handled over 40 million worth of property sales over the past quarter alone (Jan March 2018).
Currently for sale through Galbraith in Castle Douglas are the following properties:
Croys Lodge, Bridge of Urr, Castle Douglas, Offers Over 200,000
Croys Lodge is a charming traditional Gate Lodge which has been extended in recent years to provide a comfortable three-bedroom home whilst retaining the "traditional cottage" charm. The property is situated in a beautiful location in the hamlet of Old Bridge of Urr, near to the River Urr with farmland surrounding and at the southern entrance to the main residence at Croys House. The market town of Castle Douglas is known as Scotland's Food Town and has many local individual shops and businesses, with both primary and secondary schools. The harbour town of Kirkcudbright is also known as Scotland's Artists Town, and similarly to Castle Douglas is very popular with tourists, particularly in the summer months.
Meoul Croft House, Portpatrick, Stranraer, Guide Price 320,000
Meoul Croft House is a traditionally built property within 8.5 acres of land, situated in a quiet rural location with commanding views over the surrounding countryside. The land, including a pond, sits to the south and east of the property and is let out on an annual basis to a neighbouring farm. Meoul Croft outbuilding and the Pole Barn provide excellent outside storage space. Portpatrick is a popular seaside village which sits on the coast of the Rhins of Galloway peninsula, a predominantly rural area in south west Scotland.