Forecasts as to when we might see a recovery in the economy and the property market have ranged from early to 2010 to some point in 2014. However, it might appear that the outlook isn't quite as bleak as expected writes Rod Christie. It is fair to say that there has been notable decrease in value across the whole property sector since the peak of 2007 and certainly transaction numbers are down, however, are we now beginning to see a glimmer of sunshine between the dark brooding clouds? Noises within the industry are sounding a lot more positive, the stock market has rallied and from our Elgin and Inverness offices, we have begun selling properties at a comparatively healthy rate.
After a very slow start to the year, the market across the north and north-east is beginning to warm up with purchasers returning to the market. Many transactions are now occurring within weeks of properties being placed on the market and we have been successful in achieving a number of significant sales in recent months. The improved conditions are generally reserved for traditional properties in good locations whilst marginal areas, new build houses and conversions remain harder to sell. Access to finance is still perhaps the greatest impediment to a full market recovery however the right property in the right location, where sensibly priced and well marketed will have every chance of achieving a successful sale.
A SELECTION OF SOLD / UNDER OFFER PROPERTIES 2009
Canonbury House, Fortrose
Offers over 665,000
Canonbury Cottage, Fortrose
Offers over 175,000.
2 substantial offers received following a full marketing campaign. Both parties sourced from our database.
Easter Kintrae Steading Development , By Elgin
Asking price of 1.42M
A magnificent steading conversion of 9 separate houses. The 6 remaining properties sold well as 1 lot to an overseas
Seaton House, Nairn
Guide price 610,000
One of the finest houses in Nairn. Under offer for a substantial premium.
Blinkbonny, Boat of Garten
Guide price 275,000
Under offer within 10 days of being placed on the market.
Guide price 300,000
A delightful detached cottage in a popular Speyside village. Under offer within 2 weeks of marketing.
CURRENTLY AVAILABLE PROPERTIES
Balgonie House, Ballater
Asking price 1,050,000
A magnificent B' listed Country House and separate self catering cottage at the heart of Royal Deeside.
Leanochmor, By Elgin
Guide price 425,000
An outstanding detached house and separate flat with magnificent views.
Alltan Donn House, Nairn
Guide price 895,000
An impressive mansion with views over the Moray Firth.
Raitloan Farmhouse, Geddes, By Nairn
Guide price 390,000
A spacious Victorian farmhouse within generous grounds.
The Old Free Church Manse, Lochcarron
Asking price 405,000
An impressive early Victorian manse overlooking Loch Carron in Wester Ross.
Want to get in touch? Contact Rod Christie in our Elgin office or John Bound in Inverness.