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Fife Property Market Presents Optimum Conditions For Sellers Considering Their Next Move

For sellers in the Fife property market considering their next move, September is the optimum time to market your property, according to leading consultancy Galbraith, which has produced its latest quarterly residential market report (1st April – 30th June). 

Galbraith’s residential sales team in Cupar continues to handle a growing number of buyers and has successfully completed four times as many property sales this quarter compared to the previous quarter of 2021.  

Double the number of viewings with prospective purchasers were conducted by the Cupar sales team this quarter compared to the first quarter of this year, and twice as many property market appraisals were carried out over the same period.    

Dominic Wedderburn, head of residential sales in Cupar, said:

Galbraith enjoys a good share of the market in Fife and we have been extremely busy handling the sale of a greater volume of properties and viewings undertaken over the past quarter. 

During the last quarter we saw a dramatic increase in the number of closing dates being set in order for sales to be agreed.  In this type of scenario we often see properties selling at a significant premium above the asking price with as many as 10-12 interested parties making a competitive offer at the closing date.

The Kingdom of Fife continues to be a draw for purchasers seeking an idyllic rural lifestyle within reach of Edinburgh, Perth and Dundee. The East Neuk and St Andrews continue to draw the largest interest in addition to the Tay Coast towns of Newport-on-Tay, Wormit and Balmerino.  

Mr Wedderburn continues:

“Properties in high demand are family sized properties with a good portion of land and the ability to utilise space well for the purpose of working from home. This is likely to continue as many businesses adopt a flexible or hybrid working style.” 

Galbraith handles the sale of properties valued at £55.4 million on average per quarter across its network of 13 offices in Scotland and the north of England. 

Currently for sale through Galbraith in Cupar:

Carodean, West Port, Falkland, Cupar, Offers Over £340,000 - a charming stone terrace family house situated on the edge of Falkland. The house offers well-proportioned and beautiful accommodation over two levels and it is ideal for entertaining and modern living.

Wellwood House, Hillend, Saline, Dunfermline, Offers Over £460,000 - an outstanding period property with mature garden and grounds, extending to about 0.93 acres. Two reception rooms, four double bedrooms (1 en-suite), orangery, bathroom. Surrounded by beautiful, enclosed garden and the property has far-reaching, stunning countryside views. Excellent location for commuting.