Healthy Start To The Year For The Scottish Property Market
CKD Galbraith supports the findings of today's Register of Scotland's quarterly housing price statistical report (January - March 2014) and also reports an increase in the volume of sales achieved for the first quarter of the year compared to the same period of 2013.
CKD Galbraith supports the findings of today’s Registers of Scotland’s Quarterly Housing Price Statistical Report (January – March 2014) and also reports an increase in the volume of sales achieved for the first quarter of the year compared to the same period of 2013.
Registers of Scotland has reported that from January to March this year, 17,828 residential properties changed hands – the highest recorded for this quarter since 2007/08 – while the average price of property was £153,352. This represents an increase in residential sales of over 22% compared to the same period in 2013.
Simon Brown, partner and head of residential sales at CKD Galbraith, said: “As a firm we have also experienced an increase in sales throughout Scotland with the volume of sales agreed being up this quarter compared to the same quarter last year.
“Spring sales have been encouraging with particular pockets having shown positive signs already including Perthshire, Inverness and Edinburgh. We have also witnessed the return of the competitive closing date system in some regions however setting realistic prices is still imperative.
“Our viewing figures in Perthshire have risen by 60% compared to the same quarter of 2013 and the number of sales agreed by our Edinburgh office has more than doubled against the last quarter and up 62% on the same quarter for 2013. In Inverness sales have doubled over the first quarter of 2014 compared to the same quarter of 2013 and viewings are up by 15% this quarter against the previous quarter.
“The healthy results we have experienced for the first quarter demonstrates an encouraging start to the year for the Scottish property market."