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Perthshire Quarter 3 2013 Property Review

CONFIDENCE CONTINUES TO GROW IN PERTHSHIRE PROPERTY MARKET

Perthshire's revitalised property market shows no signs of slowing down according to new statistics released by CKD Galbraith.

Following research conducted by the firm's Perth office, the quarter three period from July to September 2013 saw property sales in the region rise by 28% when compared against the same quarter of 2012. Viewings, the supply of new houses and applicant registrations also rose substantially during this stage.

Emma Chalmers
, Head of Residential Sales, Perth office, said: "Confidence started to return to the Perthshire market during 2012 and this year's continued activity has really cemented the recovery within the region. Whilst the improvement is ongoing, we are seeing excellent levels of activity and real optimism and willingness from buyers and sellers to complete a deal whenever possible."

CKD Galbraith Perth statistics from quarter three show:-

  • Sales up by 28% when compared with same period last year
  • Number of properties listed for sale up by 30% on last year
  • Viewings have doubled
  • Number of buyers registered with the Perth office has increased substantially compared with last year
  • 40% of buyers are locally based; 44% are national buyers; 16% are international buyers

CKD Galbraith's sales teams operating across the whole of Scotland handled in excess of 400million worth of property during the 2012/13 financial year, ranging from cottages and conversions to country houses, farms and estates.

Emma continued "In the region we are finding that most offers are coming in or around the guide price, with the occasional property that generates exceptional interest commanding higher bids. In recent months, when there has been demand for a particular property from a number of buyers, we have seen the return of the closing date' system.

"However, guide price remains key - a house needs to be priced realistically. If this is done then we are seeing requests for viewings when a house is launched, which gives the property the best chance of selling promptly. Perthshire is certainly seeing a flurry of interest from both local and national buyers in a position to make an offer and we forecast this is set to continue."

CKD Galbraith Perth
has recently launched local Facebook and Twitter pages providing followers with updates, news and information on the local residential property market. To be the first to know about new properties available for sale in the area like and follow us at facebook.com/CKDGalbraithPerth and twitter.com/Perth_CKDG