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Dumfries & Galloway Property Market Holds Strong With Continued Interest During Lockdown

Independent property consultancy Galbraith has published its latest quarterly report, which shows that the market in Dumfries & Galloway held strong up until lockdown, with current conditions creating increased interest in rural living.

For the period ending 31st March, the firm’s team in Castle Douglas conducted 82% more market appraisals compare to the previous quarter with year-on-year property sales remaining high. 

David Corrie, a partner with Galbraith and head of the residential sales team for the region said: 

We enjoyed a steady quarter at the beginning of the year that was shaping up nicely for the prime Spring selling time. Unfortunately, due to the pandemic the market throughout the whole of the country has been put on hold however, we have witnessed healthy demand from prospective buyers in the rural sector and we are currently advising many sellers on how to get their property ready now so that once lockdown has been lifted they are in the best position to go to market. Preparation work now can take the form of administrative processes as well as property maintenance jobs that should be undertaken to ensure it is looking its best before marketing.

With carefully managed procedures we have been able to fulfill buyers’ requests for information through 360-degree property videos, drone footage and virtual viewings where the seller, agent and buyer share a video call with the seller walking around their house. As such we have seen an increase in online traffic to our website and social media channels throughout the lockdown period and enquires regarding rural properties in particular have increased, showing that confidence remains in the market place. We will be going into the summer market with winter stock levels and I would encourage both sellers and buyers not to delay in making enquiries as we expect there to be a good level of demand, at least equal to supply, for the remaining months of 2020.

The pandemic will prompt prospective homeowners to re-evaluate their priorities in terms of work and family life, with the ability to work in more remote parts of Scotland now being the new norm. We have witnessed an increase in interest online from prospective buyers searching for properties with nice gardens, a work space be it home office or outbuilding and people asking if properties can be split in two or have a separate annex that can be used as a granny flat. We expect a rush of enquires post-lockdown and the pandemic has already changed the way we think about marketing property and living and working in the future. 

Two-thirds of Galbraith Dumfries & Galloway buyers come from the rest of the UK which is a recurring trend. The average achieved selling price for properties sold by Galbraith in Dumfries & Galloway this quarter was £301,166, up from £281,689 the same quarter the previous year. 

David continues:

Property prices throughout the region offer great value for money. £300,000 - £350,000 can buy you a five- to six-bedroom house with a large garden and a few acres whereas the same size of property would cost you nearly half a million in a commuter town. And smallholdings up to 50 acres attract a good level of interest from lifestyle buyers, which is surely going to be on the rise following lockdown as people seek sustainable living by growing their own produce and even having a few hens.  

 

A selection of rural properties for sale through Galbraith in Dumfries & Galloway include:

  • The Cottage, Browhouses, Eastriggs, Annan, Dumfries and Galloway, Offers Over £375,000 -a super family home which has been created by extending an original cottage to form a spacious modern dwelling and a versatile attic room provides additional space which could be utilised in a number of ways. The large mature garden is perfect for alfresco dining with its wraparound patio and summer house and there is also a double workshop. The house is within walking distance of the Solway coast.
  • Lincuan Cottage, Kirkcowan, Newton Stewart, Guide Price £320,000 – this property offers modern family living in a traditional Victorian building with a fourth bedroom an ideal home office space. There is also a separate outdoor workshop. The gardens extend to approximately 0.5 acre with a further 2 acres of paddocks adjacent. The gardens have been landscaped with an area of lawn immediately adjacent to the house and there is a greenhouse ideal for growing your own.