Alexander Scott said:
I’m very much looking forward to joining Galbraith and working with a growing firm in a growing market.
Property transactions in Edinburgh have soared over the past 12 months, encouraged by the temporary reduction in tax, the release of pent-up demand and the desire to improve one’s surroundings following lockdown. In particular there has been an exceptionally high demand from those who currently live in a flat seeking their own garden or access to a garden. Mortgage interest rates are also historically low and access to finance is generally very good. We expect most of these underlying factors to continue to support the housing market during 2021.
Galbraith reported a 20 % increase in sales during 2020 compared with 2019. The average selling price in Edinburgh increased by 3.68 % , with the most sought-after properties attracting premiums far in excess of the asking price.
Simon Brown, a partner with Galbraith, said:
We are delighted to appoint Alexander to drive our residential services in Edinburgh. Alexander will be a great asset to the firm and brings significant knowledge and expertise in this sector.
Galbraith works across a broad spectrum of property and land management services. The firm handled residential property sales worth over £50 million during the last quarter of 2020.