From 1 June to 30 September sales increased by 92% for Galbraith in Moray compared with the same period in 2019. The firm specialises in premium rural property, farms and estates.
Rod Christie, partner and head of estate agency for Moray said:
The property market reopened in early June and there was an immediate demand from buyers who had been obliged to put their house search on hold during the lockdown.
Over and above that rebound, there is exceptionally strong demand from those who have decided to realise a long-held ambition to move out of town and enjoy a rural lifestyle. Many people re-evaluated their priorities this year and sought to improve their work-life balance. The market is as active as it has been at any time in the past decade.
Moray offers incredible value for money compared with other parts of the UK and is certainly amongst the more affordable regions of Scotland to purchase property. With excellent local services and transport infrastructure, we also have beautiful deserted beaches, glorious scenery ideal for a range of outdoor pursuits, first-class golf courses and the jewel in the crown, Speyside, home to Scotch whisky. Whether with or without land, well-sited properties are attracting a good deal of interest and often going to a closing date after securing multiple offers.
Motivated buyers are acting quickly in the area with many properties going under offer within a few days of launching including Wind Song near Birnie (6 days), Longhill Mill at Lhanbryde (15 days) and Hillside, Rothes (10 days). The number of viewings conducted by the Galbraith residential team reduced only slightly year on year from 140 in 2019 to 139 in the same quarter of 2020 which is an amazing result given the restrictions imposed due to the Coronavirus.
In line with previous years, 64% of buyers came from within Scotland while 32% were from the rest of the UK and 4% were International buyers.
Galbraith has a network of thirteen offices across Scotland and Northern England, handling residential property sales worth £51.7 million per quarter. The firm also manages and sells rural estates, farms, smallholdings and land. The Galbraith rural team provides advice on 3.5 million acres of land throughout the country.
Currently on the market through Galbraith in Moray:
Sandwood House, Nairn. Guide Price £1,250,000
A very desirable country house full of period features, together with the original gate house and a separate cottage. Sandwood House has four reception rooms and eight bedrooms, offering spacious and well-appointed accommodation over two and a half storeys. The house sits in attractive and well-maintained grounds of about 9 acres including mature trees, lawns and an orchard with fruit trees. Two separate properties are also included in the sale – The Gate House Lodge and The Cottage. Both properties enjoy their own enclosed garden space, have three bedrooms and offer charming accommodation over one storey. Sandwood House is about half a mile from Nairn, a historic coastal town with a wide range of amenities and train station.
Braelossie House, Sheriffmill Road, Elgin. Guide Price £715,000
Braelossie House has been comprehensively renovated by the current owners to create an impressive family home of great character in the Scots baronial style. The extensive accommodation includes a reception hall, magnificent drawing room, music room, a well-equipped kitchen / dining / living room, study, utility room, boot room, eight bedrooms, three of which have en-suite shower rooms and a large family bathroom. On the second floor there is an office, a playroom, a gym, bathroom and three attic bedrooms. The house sits in grounds extending to about 1.9 acres, including an area of mature woodland which provides great privacy.