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Dumfries and Galloway Property Market Continues to Thrive

The Dumfries & Galloway property market continues to be driven by a wide range of buyers from all over the UK as end of year figures released by leading independent property consultancy Galbraith indicate another extremely active year. 

The total value of property sales handled by Galbraith in Dumfries & Galloway to date this year is in excess of £25m, resulting in an average selling price of £391,815. 

Property sales rose by 16 per cent this year compared to 2020 and this volume was double that of any ‘normal year’ pre-pandemic. The number of property viewings conducted has increased by 82 per cent averaging at 17 viewings per property. 

The competition from prospective buyers has resulted in some wide ranging premiums being paid for the most attractive rural properties. One sale achieved 49 per cent above the asking price and the quickest property sale was within 10 days of launch on the open market.  Some private sales took place in a matter of days.

82.5 per cent of purchasers in 2021 were from outwith Dumfries & Galloway.

David Corrie, partner and head of the agency team in Castle Douglas, said: “Our end of year figures demonstrate an unwavering desire for rural property and interest in Dumfries & Galloway. We have continued to witness high demand for all types of property this year, be it large farmhouses and rural properties with land to coastal locations and smaller town properties, and across all price brackets.

“A wide variety of buyers are attracted to the area including families seeking a lifestyle change to retirees looking for a slower pace of life and even young professionals who can work from home and now don’t have a long commute to the office. 

“Many are looking for open space, a rural outlook and perhaps some land or buildings to pursue a wide range of pastimes and hobbies.”

“Buyers have been coming from south of the Border as well as those moving down from the Highlands and the central belt with property prices in Dumfries & Galloway having been historically suppressed and the area being beautifully rural yet highly accessible.” 

Currently for sale with Galbraith in Dumfries & Galloway:

Kirkland Farmhouse, St Johns Town Of Dalry, Castle Douglas, Dumfries & Galloway, Offers Over £675,000 - an attractive four-bedroom small farm holding with a traditional farmhouse in excellent order, having been recently modernised for holiday letting purposes. Beautifully decorated, the property would lend itself to a stunning family home. There are a range of traditional buildings including the bothy which would be suitable for conversion, subject to planning consent. The property sits in grounds extending to around one acre and is located in the thriving village of St Johns Town of Dalry.  

Galbraith handles the sale of property valued at £55.4m on average per quarter. The firm has 13 offices across Scotland and the north of England and two-thirds of its property sales are to buyers registered with the firm.