National Demand Drives Highland Property Market Forward
A growing demand from national and international buyers is being experienced in the Highlands.
The Highlands remain an especially popular area for those looking to find their dream rural home or a scenic holiday home, with properties on the west coast and within the Cairngorms National Park attracting the most interest.
The firm’s Inverness office has revealed that during the first quarter of the year (January to March 2017) there was a 17% increase in property registrations compared to the previous quarter. Applicant registrations also rose by 36% in comparison to the same period of 2016.
The Highlands holds strong appeal and buyers over the first quarter of the year have come from across the UK with 25% of buyers being national, 25% international and the remaining 50% of buyers coming from within the region. These figures demonstrate the quality of properties available in one of the country’s most spectacular regions.
The Highlands continue to experience strong levels of demand across all aspects of the residential market and the key to our success is our bespoke service and the ability to match the right byers to the right property. Our unique database of applicants is a powerful marketing tool and in 2016 nearly 25% of our purchasers were those who were the first to view a property.
Buyers who have relocated from across the UK have frequently stated that better value for money, increased space, time for family and generally a better quality of life had enticed them to Scotland.
The Highlands is such a desirable location with its varied countryside of rolling farmland, rugged mountains and beautiful coasts. Whilst the busy city of Inverness is never far away and offers strong cultural heritage with modern entertainment. Inverness also provides good connections to the rest of the UK and regular flights to Europe are available from the city’s airport.
CKD Galbraith operates a network of regional offices across Scotland and figures for the firm as a whole during the last quarter of 2017 show a rise in sales of 7% compared to the same period in 2016, with 19% more properties being brought to the open market and 49% more applicant registrations. This activity equated to £47 million worth of property sales being handled by the firm over the past quarter alone.