Demand Continues To Outstrip Supply In The Borders Property Market
Residential sales in the Scottish Borders property market continue to thrive as demand outstrips supply, sustaining healthy competition in the marketplace.
CKD Galbraith has experienced strong sales from both its Kelso and Galashiels office for the period Oct – Dec 2016.
The number of sales conducted by the Kelso office has increased by 63% compared with the same period of 2015 while the Galashiels office reported a two-fold increase in the number of properties being brought to the market during this period, generating increased buyer interest. This trend continued into January with both the Kelso and Galashiels offices conducting a high number of property viewings.
Polly Cregan, head of sales for CKD Galbraith in Galashiels, said:
We have enjoyed high levels of sales in recent months which has resulted in a shortage of good quality houses available, particularly family homes with land for horses.
Sellers are still being hesitant over winter months and viewing the market as seasonal which has created a shortage of stock. However, the market is now active year-round and we would encourage anyone considering selling this year to do so sooner rather than later as there is healthy appetite from buyers keen to move quickly when the right property comes on the market.
Alex Inglis, head of sales at the Kelso office has reported a positive quarter in terms of sales with several properties being sold at competitive closing dates, he explained:
The Scottish Borders attracts a real mix of buyers from young families to retirees still keen on a house with space for visiting family and friends, with particularly strong demand for attractive traditional family homes with land.
Buyers from south of the Border are still being drawn to the area to take advantage of the fantastic outdoor lifestyle on offer as well as property in the region presenting good value for money.
CKD Galbraith has witnessed a promising start to 2017 handling over £9.5million worth of property sales and conducting 760 viewings during January alone.