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Moray Property Market Continues To Show Healthy Results

The Moray property market continues to prosper after a healthy start to the year.

CKD Galbraith's Elgin office has continued to handle a steady rate of sales over the second quarter of the year (period April- June 2015), with more properties coming onto the sales market through CKD Galbraith and an increase in the number of viewings conducted over the last three months compared to the first quarter of the year.  

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 Elgin statistics from the second quarter show:

  • 22% more properties coming onto the market in comparison to the first quarter of 2015
  • 57% more viewings conducted over the last three months compared to the first quarter of the year 
  • 80% of sales were completed by local buyers, 10% national, 10% international  
  • The average time taken to sell property was nine weeks, down considerable from the same quarter last year   
  • Property sale values ranged from 113,000 to 375,000
  • 60% of purchases were made by cash buyers

Rod Christie, partner and head of residential at CKD Galbraith's Elgin office, said:

"The Moray property market is continuing to show healthy results with our team handling an increase in viewings as buyer confidence starts to improve post-election. Good quality properties with a reasonable amount of land in the 200,000 350,000 bracket continue to sell well with our quickest sale this period taking only five days. It must be noted that the market is still very much price sensitive and properties marketed correctly do attract a lot of interest."