Increase In Supply And Demand For Properties In The Scottish Borders
The Scottish Borders property market has continued to see healthy growth according to CKD Galbraith.
The Kelso office has reported an increase in property sales and a rise in the number of high quality houses coming to the market during the third quarter (Q3 July to September 2015).
CKD Galbraith’s research shows a promising picture for the Borders 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 Borders reflect the growth and stability that the property market is now benefitting from.
CKD Galbraith’s Kelso office statistics from the third quarter show:
- The number of properties sold during this period was up 12.5% compared to the previous quarter
- The number of properties on market increased by 10% compared to the same quarter of last year
- 33% of buyers were local, 61% national and 6% international
- The average sale price for the third quarter was £208, 000
Alex Inglis, head of residential at CKD Galbraith’s Kelso office, said:
The third business quarter of the year has seen an increase in both the supply of, and demand for, properties for sale in the Scottish Borders. The appeal of the Borders as a place to live is reflected in the increase we have seen in national buyers looking to move in to the area.
The reopening of the Borders rail link with Edinburgh has led to an increase in market activity for properties within easy reach of the railway and we expect this momentum to continue to build.
CKD Galbraith has recently announced the relaunch of the Galashiels sales department to handle the high levels of interest and demand from commuters looking for property in the Scottish Borders following the reopening of the railway line. Newly appointed estate agent, Polly Cregan, will be handling residential sales for Galashiels and joins the firm with over a decade of experience in the property sector.
Commenting on her appointment at CKD Galbraith, Polly said:
It’s fantastic to be back home in the Scottish Borders and be joining CKD Galbraith at such a busy and exciting time. It’s something of a full circle for me to be back to where my career first began in Galashiels!
The Borders railway has made the region an even more desirable residential location where property remains affordable for families and young professionals so I look forward to putting my local knowledge and skills to work straight away.