The Highland Property Market Benefits From Healthy Summer Growth
The Highland property market has continued to see healthy growth according to CKD Galbraith.
The office in Inverness has reported an increase in property sales and a rise in the number of viewings during the third quarter (Q3 July to September 2015) compared to the previous three months.
CKD Galbraith’s research shows a promising picture for the Highland property market and for the Scottish market as a whole which experienced many changes during the first six months of 2015 including a new stamp duty system and the General Election. However, the third quarter’s figures for the Highlands reflect the growth and stability that the property market is now benefitting from.
CKD Galbraith’s Inverness office statistics from the third quarter show:
- The number of properties sold during this period in Inverness and the surrounding area was up three fold compared to Q2
- Property viewings increased by an impressive 38% compared to Q2
- 75% of sales were completed by national buyers, 21% local and 4% international
- The average time taken to sell property in the area was 45 days
Phiddy Robertson, from CKD Galbraith’s Inverness office, said:
The Inverness property market has remained fairly resilient to developments within the market and growth has continued throughout the summer months. Demand for attractive, affordable housing within commuting distance of Inverness remains strong. The high percentage of national buyers over the previous quarter also reflects the popularity and interest in the area from buyers from the South. If you are a home owner considering selling now is great time to arrange a free market appraisal as it is an opportunity to put everything in place ready to go to the market at the most opportune moment.