Optimism Returns To The Aberdeen Property Market
CKD Galbraith has experienced a return of optimism amongst both buyers and sellers in the Aberdeen property market despite political uncertainties and market pressures witnessed throughout 2016.
The firm is reporting a healthy increase in residential sales across Aberdeenshire for the final quarter of 2016 (October – December) following a period of market hesitancy due to events such as Brexit.
Prospective house buyers and those considering selling in the region became more proactive during the usually quieter winter months, with CKD Galbraith’s Aberdeen office experiencing a rise in property sales of more than two-fold compared with the same quarter of 2015.
The number of viewings conducted by the office’s residential team also increased by 24% and the number of prospective buyers registering with the Aberdeen office rose by 36% compared with the last three months of 2015.
We experienced a level of uncertainty from both buyers and sellers throughout 2016, however, as the reverberations following the political event of last year settled down, optimism returned and those who were holding off taking decisions have sprung back into action.
Market conditions in the residential property sector have been unpredictable of late but with crude prices making a recovery, the optimism we have experienced should allow for greater confidence and help to further strengthen the market.
Buyers are becoming more active during the winter months and we would encourage sellers to start marketing prior to the traditional spring selling period when the market can become heavily saturated.
Figures for the firm as a whole during the last quarter of 2016 show a rise in sales of 17% compared to the same period in 2015, with 12% more properties being brought to the open market and 18% more viewings conducted.
Witnessing a promising start to 2017 the firm have handling over £9.5million worth of property sales and conducted 760 viewings during January alone.