Scotland Bucks The Trend
The market in Scotland remains buoyant with the £200,000 to £500,000 price bracket holding up well despite political and economic uncertainty across the UK.
The sharp decline in the property sector in London affecting some estate agencies is not reflected in current market conditions in Scotland.
Simon Brown, a partner with the firm said:
Prices for property in the £200,000 to £500,000 bracket are stable, although not rising, and sales are being concluded relatively quickly. Scotland overall is an attractive market for home-owners and investors because we haven’t experienced huge fluctuations in prices or demand. We have escaped the boom and bust cycle experienced in some parts of England in recent years which ultimately makes Scotland an attractive option for home-owners or investors, offering predictability and stability.
Galbraith operates a network of 11 regional offices across Scotland. Last quarter the firm saw a rise in sales of 7% compared to the same period in 2016, with 49% more applicant registrations.