Increased Demand For Properties And Value For Money To Be Had In The Beautiful Scottish Borders
The Scottish Borders property market continues to show encouraging signs of activity.
CKD Galbraith's Kelso office arranged more property viewings over the second quarter of the year (period April- June 2015) compared to the same period last year, with an increase in the number of prospective buyers registering with them.
Research conducted by CKD Galbraith over the Q2 period of 2015 presents an encouraging picture for the Scottish property market as a whole which has witnessed steady growth over the first half of 2015. The firm’s overall sales were up 4.65% during quarter two of this year compared to the first quarter of 2015.
CKD Galbraith’s Kelso statistics from the second quarter show:-
- 35% more property viewings this quarter compared to the same period in 2014
- 9% increase in registered buyers over this period compared to the first quarter of 2015
- 70% of sales completed to local buyers and 30% to national buyers
- Average selling time was five months which is down from the same quarter last year
- Sold property values ranged from £146,000 to £910,000
Alex Inglis, head of residential at CKD Galbraith’s Kelso office, said:
"The imminent reopening of the Waverley Rail Link between the Borders and Edinburgh should help the local property market and we have already seen signs of increased demand for properties in the Tweedbank/Melrose/Galashiels area. Buyers appear to be taking advantage of the 'value for money' offered by the beautiful Scottish Borders, along with the lifestyle benefits the area has to offer. The area is particularly appealing to the family market as well as attracting high levels of interest from retired buyers."