The Borders Quarter 3 2013 Property Review

7 November 2013

CONFIDENCE CONTINUES TO GROW IN THE BORDERS PROPERTY MARKET

The Borders property market continues to show encouraging levels of activity according to new statistics released by CKD Galbraith.

Following research conducted by the firm’s Kelso office, the quarter three period from July to September 2013 saw property sales remain broadly unchanged against the same period of 2012 whilst viewings and the number of buyers registered with the firm since quarter two grew significantly.

Alex Inglis, associate in CKD Galbraith’s Kelso office, said: “Market confidence has been growing throughout the year and we have seen increasing willingness from buyers and sellers to make their next move. The statistics demonstrate an improving picture for the market and we forecast this is likely to continue into next year.”

CKD Galbraith Kelso statistics from quarter three show:-

•    Sales broadly unchanged against Q3 2012
•    Viewings up by 15% against Q2 2013 and static against Q3 2012
•    Buyers registered with the firm up by 30% against Q2 2013 and up by 28% on Q3 2012
•    42% of buyers are locally based; 53% are national buyers; 5% are international buyers

CKD Galbraith’s sales teams operating across the whole of Scotland handled in excess of £400million worth of property (2012/13 financial year) ranging from cottages and conversions to country houses, farms and estates.

Alex continued: ““There are buyers out there willing to purchase and across the year so far, we’ve seen an increase in viewings and registrations this year.  However, realistic pricing is still imperative in today’s market. Those properties with prudent guide prices are the ones witnessing more activity.

“In and around the Borders, we are seeing good levels of demand for attractive and well located country cottages with three or four bedrooms. We are encouraged by this activity, and on other property types as well, that demonstrates that the market is continuing to steadily improve.”

CKD Galbraith Kelso
has recently launched local Facebook and Twitter pages providing followers with updates, news and information on the local residential property market. To be the first to know about new properties available for sale in the area like and follow us at facebook.com/CKDGalbraithKelso and twitter.com/Kelso_CKDG

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