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The Scottish Borders Property Market Continues To Show Encouraging Signs

The Scottish Borders property market continues to show encouraging levels of activity according to new statistics released by CKD Galbraith.

Following research conducted by the firm's Kelso and Peebles office, the first quarter of 2014 (Jan March 2014) saw property sales increase and a significant rise since the previous quarter in the number of viewings and buyers registered with the firm.

CKD Galbraith Kelso and Peebles statistics from quarter one of 2014 show:-

  • The number of sales in Kelso is up by 28% (Peebles up by 16%) against the previous quarter and up 62% (Peebles up by 57%) since the same quarter last year
  • The number of viewings has increase by 23% in Kelso (59% in Peebles) since the last quarter and up 21% (49% in Peebles) on the same quarter of 2013
  • Number of buyers registered with the Kelso office has risen by 45% since the last quarter and up 14% since the same period in 2013 and in Peebles the number has more than doubled this quarter compared to the previous quarter

Alex Inglis, of CKD Galbraith's Kelso office, said: "This has been an encouraging quarter for both the Kelso and Peebles offices, with increased properties sales achieved as well as the number of viewings and prospective buyers registering with us both increasing. 

"When selling a property, the guide price remains key and a house needs to be priced realistically. As a result we are seeing a healthy response in terms of enquiries and viewings and the subsequent average selling time reducing considerable. A trend we are also witnessing is a return to the closing date system on a number of properties as confidence continues to grow."

CKD Galbraith has enjoyed substantial growth over the years and has continued to expand throughout Scotland with the recent opening of a new office in Aberdeen as well as expanding its presence in Argyll and the Isles having recently appointed a dedicated consultant in these regions.

If you are interested in selling or buying a property in the Borders region, please do not hesitate to get in touch with our estate agency teams in Kelso or Peebles.