Ayrshire Property Market “Fairly Resilient” With Growth Throughout The Summer Months
The Ayrshire property market has continued to see healthy growth according to CKD Galbraith.
The regional office in Ayr town centre has reported an increase in property sales and a rise in the number of high quality houses coming onto the market during the third quarter (Q3 July to September 2015) compared to the previous three months.
CKD Galbraith’s research shows a promising picture for the Ayrshire property market and for the Scottish market as a whole which experienced many changes during the first six months of 2015 including a new stamp duty system and the General Election. However, the third quarter’s figures for Ayr reflect the growth and stability that the property market is now benefitting from.
CKD Galbraith’s Ayr statistics from the third quarter show:
- The number of properties sold during this period in the Ayrshire area was up 18% compared to Q2
- Supply of properties coming onto the market increased by nearly 10% compared to the same period last year
- Property viewings increased by an impressive 74% compared to Q2
- 85% of sales were completed by local buyers, 15% national
- The number of potential buyers registered with the firm rose by 31% compared to Q2
- 31% of purchases were made by cash buyers
Bob Cherry, partner and head of residential, at CKD Galbraith’s Ayr office, said:
The Ayrshire property market has remained fairly resilient to developments within the market and growth has continued throughout the summer months.
Local buyers still make up a very high percentage of the sales the office has handled with many moving up the property ladder or moving from Glasgow to Ayrshire where we continue to notice property prices offering greater value for money.
We have continued to agree sales well into the autumn and whilst we expect the traditional slow down as we approach Christmas, demand for good rural property and farmland remains high. Realistic pricing remains key, but we have seen prices achieving the asking price with an increasing number going to closing date and achieving in excess of the asking price. Anyone considering selling should get in touch with us in the coming weeks for a free market appraisal and to prepare early in readiness for the expected continuing demand into 2016.