The Ayrshire Property Market Continues To Thrive
Encouraging activity in Ayrshire's residential property market shows no signs of slowing down according to new statistics released by CKD Galbraith.
Following research conducted by the firm’s Ayr office, the second quarter of 2014 (April – June 2014) saw property sales in the region remain consistently high compared to the previous quarter, as well as a significant increase in the number of property viewings since quarter one of 2013.
CKD Galbraith Ayr statistics from quarter two of 2014 show:-
- Sales up 58 per cent compared with the same quarter of 2013
- Viewings have risen by 13 per cent since the last quarter
- Property in the area has sold, on average, a month quicker than the previous quarter
- 75 per cent of buyers were locally based and 25 per cent were national buyers
Bob Cherry, partner and head of residential in CKD Galbraith’s Ayr office, said: “The Scottish property market has been enjoying another successful period as demand continues to outstrip supply, particularly for Ayrshire properties with land around the £300,000 mark. Our Ayr office has experienced a steady rate of growth having handled 58 per cent more sales over the second quarter of the year and viewings also increasing this period as buyer confidence remains high.”
There were also encouraging signs in the Ayrshire lettings sector.
Joyce Smart, of CKD Galbraith’s lettings department in Ayr, said: “Letting figures for the second quarter of this year have been encouraging with an 11 per cent increase compared to the first quarter and a 73 per cent rise since the same quarter in 2013. However, similar to previous quarters, demand continues to outstrip supply with the majority of applicants looking for high quality two bedroom properties”.
CKD Galbraith has enjoyed substantial growth over the years and operates a network of regional offices located throughout the country. The firm has recently celebrated the launch of its new office in Cults, Aberdeen.
If you are interested in selling or buying a property in the Ayrshire region, please do not hesitate to get in touch with our Ayr estate agency team