The total number of property sales completed by Galbraith in Castle Douglas over the three months of October to December 2018 rose by 35% in comparison to the previous three and were also up 35% year on year. The team in Castle Douglas also brought more properties to the market during this period, up 5% on the same quarter of 2017.
The number of property viewings increased by 12% year on year and property registrations increased by 59% on the previous quarter of 2018 and up 84% on the same period of 2017. Increased buyer activity has also continued with the number of prospective buyers registering with Galbraith in Castle Douglas increasing by 38% in comparison to the previous three months of 2018.
David Corrie, who leads the firm’s Castle Douglas office, said:
These figures reinforce the continuing trend towards a return to normality in the Dumfries & Galloway market. There has been a real willingness for buyers and sellers to transact property in the area, driven by continued modest values when compared to other parts of the UK and the attraction of Dumfries & Galloway with its lower population density and attractive scenery.
The average price achieved for properties sold by the firm in the area was £424,500, up significantly from £309,000 during the preceding quarter of the year and the time taken to sell reduced significantly compared to last year.
53% of buyers this period were from the rest of the UK with 42% being Scottish and the remaining 5% being international buyers.
Galbraith is Scotland’s leading independent property consultancy with a network of eleven offices throughout Scotland. The firm enjoyed revenue growth of 8% during 2018 and profits rose by £84,000 to £2.3m. On average the firm handles £54 million worth of property sales per quarter for Scotland as a whole.
