The Inverness Property Market Continues To Show Encouraging Signs
The Inverness property market continues to show increasing levels of activity according to new statistics released by CKD Galbraith.
Following research conducted by the firm’s Inverness office, the first quarter of 2014 (Jan – March 2014) saw property sales improving with a significant rise since the previous quarter in the number of viewings by prospective buyers, many of whom are coming from England.
CKD Galbraith Inverness statistics from quarter one of 2014 show:-
- Sales have doubled over the first quarter of 2014 compared to the same quarter of 2013
- Viewings up by 15% this quarter against the previous quarter
- The average time it has taken the Inverness office to sell property is down considerably from the previous quarter, with the shortest sale taking just six days
Phiddy Robertson of CKD Galbraith’s Inverness office, said: “Confidence is improving in the Highland property market with properties taking a shorter period to sell as buyers become aware of increased competition and the need to act quickly to secure their purchase.
“A trend we are also experiencing is an increase in the number of buyers from south of the border purchasing property in the area who are being attracted to the comparable prices and lifestyle on offer in highlands.
“There is renewed activity in the second home market, particularly for west coast holiday cottages, and we are quietly confident that the improving picture for the Highland market will continue throughout the year.”
CKD Galbraith has enjoyed substantial growth over the years and has continued to expand throughout Scotland with the recent opening of a new office in Aberdeen and the appointment of a consultant in Argyll and the Isles.
If you are interested in selling or buying a property in the Highland region, please do not hesitate to get in touch with our Inverness estate agency team.