Prosperity Continues For The Scottish Property Market
CKD Galbraith has reported that the increased sales figures published by Registers of Scotland has been reflected in the firm’s network of branches across Scotland.
Registers of Scotland has revealed that the volume of residential sales in September 2016 was 9,352 – an increase of 8.5% on the previous year and up 10.4% on last month.
A comparable rise in sales was recorded across CKD Galbraith’s 11 offices, with sales between October and December 2016 up by 17% when compared to the same quarter in 2015.
The firm also reported a 12% rise in the number of properties available for sale during quarter four, demonstrating the continuing increase of confidence in sellers to make a move.
Similarly, the number of viewings conducted in Q4 2016 against Q4 2015 rose by 18%.
Simon Brown, partner and head of residential sales at CKD Galbraith, said:
Scotland is continuing to experience strong levels of demand across all aspects of the residential market despite confidence and sales volumes dipping in other regions of the UK over the same period. We believe this is due to the competitive pricing and value for money that remains available in Scotland, and the 3.3% rise in prices reported by Registers of Scotland chimes with the healthy and sustainable price rises we have achieved for properties sold by CKD Galbraith.
Whilst some had predicted lingering uncertainty following last June’s Brexit vote, our agents have experienced few lasting effects with plenty of sellers and buyers eager to complete transactions. The eclectic mix of local, national and international buyers that we sell to appears to be unchanged and we are still experiencing demand from south of the border, especially for rural properties accompanied by small parcels of land.