Local Activity Drives Ayrshire Property Sales
Local buyers are proving key to successful sales and a significant increase in activity across the property market in Ayrshire.
CKD Galbraith is reporting an increase in sales activity and a surge in prospective buyers registering with their Ayr office.
During the second quarter of 2016 (April – June) CKD Galbraith in Ayr experienced a 9% increase in the volume of sales compared to the same quarter of 2015 and a 25% increase in prospective buyers noting interest this quarter in comparison to the first three months of this year.
There was also a significant rise in the number of viewings conducted by the residential team in Ayr with viewing figures for the quarter more than double that reported over the first quarter of 2016. Furthermore, the number of properties brought to the Ayrshire market through CKD Galbraith increased by 29% compared to the first quarter.
Bob Cherry, head of residential sales at CKD Galbraith’s Ayr office, said:
Property sales and buyer activity has been steadily growing throughout the second quarter and this has predominantly been driven by local buyers. 92% of sales from April to the end of June were completed by local buyers either up-sizing or relocating to rural properties which offer good value for money.
We have been greatly encouraged by the level of activity in the market, especially the surge in viewings and prospective buyers looking to purchase in Ayrshire and expect these levels to convert into sales and competitive offers throughout the rest of the summer months.
The Ayrshire lettings market has also experienced a healthy second quarter according to Marjory Douglas of CKD Galbraith’s Ayr lettings team, who commented:
Demand for properties in good condition to let remains very high across the whole of Scotland, with the Ayrshire lettings market in particular continuing to experience strong competition between prospective tenants where demand still outstrips supply of rental homes.
Our team in Ayr successful let 33% more properties this quarter than the previous three months of 2016, whilst property viewings rose by 54% compared to the same quarter of 2015.
CKD Galbraith operates a network of regional offices located throughout the country and figures for the firm as a whole during the second quarter of 2016 demonstrate the resilience of the Scottish market and appeal to buyers from across the UK, despite the uncertainty of Brexit.
The firm has reported a 17% increase in the volume of sales achieved compared to the same period last year, with national buyers accounting for 41% of total sales, reflecting Scotland’s lifestyle appeal and more affordable property prices.