Dumfries & Galloway Continues To See Positive Results In The Property Market
CKD Galbraith has continued to strengthen its presence in Dumfries and Galloway following another successful quarter which saw sales figures rise considerably on last year.
The firm’s Castle Douglas office has continued to expand its professional team and will be moving to larger premises in the New Year to ensure the firm is well positioned to offer a wide range of residential, lettings and rural services.
Property sales across Dumfries and Galloway have more than doubled during the third quarter of 2016 (July – September) compared to the same quarter last year. The number of prospective buyers registered with the firm’s Castle Douglas office also rose by 51% over the same period.
The region remains extremely popular for those relocating or returning to Scotland, with buyers from across the UK accounting for 67% of all property sales and 7% being international buyers. The Castle Douglas office has also reported an increase in the number of expats buying in the area, highlighting the enduring appeal, good quality homes and excellent value for money presented by property in the region.
David Corrie, head of residential sales at CKD Galbraith’s Castle Douglas office, said:
Dumfries and Galloway is currently a very attractive option for those considering making the move across the border. Buyers are often able to upsize and find a more peaceful rural property for their money than in other parts of the UK. We have witnessed healthy levels of demand for properties in the £300,000 - £400,000 market and properties priced sensibly are selling very well.
However, there is a lack of stock coming onto the market at all levels, we would urge sellers not to hold off marketing over the winter months as the market is buoyant and there are serious buyers out there willing to act fast to secure the right property.
Aaron Edgar, CKD Galbraith’s lettings agent for the region, commented:
The rental market has shown very encouraging signs over the last quarter with a threefold increase in the number of properties let by the firm’s Castle Douglas office.
We have also experienced strong levels of demand for both quality family homes in town and more rural cottages which tend to attract prospective tenants very quickly. The average time taken to let over the last quarter was a little over one month, with one property securing a let only a week after appearing on the market.
CKD Galbraith operates a network of regional offices located throughout the country and figures for the firm as a whole during the third quarter of 2016 illustrates its ability to market and sell high quality houses drawing buyers from across the UK and beyond.
The firm has reported a 30% increase in the volume of sales achieved compared to the previous quarter of 2016. Local buyers from across Scotland accounted for 58% of sales during the third quarter, whilst 37% came from across the rest of the UK with 5% being international buyers.