Confidence Returns To The Aberdeenshire Property Market
Following a somewhat turbulent few years confidence is returning steadily to the Aberdeenshire market.
According to figures revealed by the firm’s Aberdeen office, supply and demand for all shapes and sizes of properties across the region showed healthy signs of growth over the first quarter of the year (January – March 2017).
During the first three months of 2017 buyers remained sensitive to pricing but there appeared to be renewed enthusiasm with a 13% increase in the number of property viewings conducted by the firm compared to the previous quarter. The number of properties sold by CKD Galbraith during the first quarter increased by three fold whilst property registrations also doubled in number compared to the same period of 2016.
Hannah Christiansen, head of residential sales at the Aberdeen office, said:
The Aberdeen market has proven to be very resilient to change over the past three to four years and we’re confident that the figures for the first quarter of this year demonstrate an upward trend for the coming summer months.
There has also been signs of increased movement towards the higher end of the market with our experienced sales team recently handling the sale of several substantial rural properties in Aberdeenshire. However, as with all areas of Scotland, the higher end of the market does remain slow and it’s important that sellers continue to evaluate their property’s value in relation to the recovering market.
The office is currently marketing a number of properties likely to attract strong buyer interest over the next quarter:
Easter Auquharney is a well-known commercial farm, situated adjacent to the settlement of Hatton in central Aberdeenshire. It is the highest valued farm to come to the open market in Aberdeenshire yet. The land is currently farmed as one unit and extends to 671.76 hectares (1,659.93 acres) or thereby, excluding roads, yards and buildings and enjoys good access on the public road network.
Clovenstone Lodges are two attractive holiday homes which stand together within a beautiful countryside location yet a comfortable distance apart to provide a good degree of privacy. Both homes enjoy a thoughtful contemporary design with a complete south facing aspect overlooking the grounds and countryside beyond. Planning permission has been granted for a third home to be built.
5 South Headlands Crescent is located in a small cul-de-sac situated to the east of the village housing individually designed homes in a stunning sea view backdrop. Newtonhill is a coastal village located around 8 miles north from the town of Stonehaven and 4 miles south of Portlethen. Commanding truly uninterrupted views of the sea and the stunning, rugged coastline this is an outstanding detached dwelling-house.
CKD Galbraith operates a network of regional offices across Scotland and figures for the firm as a whole during the last quarter of 2017 show a rise in sales of 7% compared to the same period in 2016, with 19% more properties being brought to the open market and 49% more applicant registrations. This activity equated to £47 million worth of property sales being handled by the firm over the past quarter alone.