Scottish Property Market Remains Resilient
CKD Galbraith supports the findings of today’s quarterly housing price statistics report (April – June 2016) published by Registers of Scotland and reports a successful quarter with a healthy increase in the overall volume of sales achieved compared to the same period in 2015.
Registers of Scotland reported that from April to June 2016, the volume of residential property sales increased by 4.9% compared with the same period in the previous year, with the total value of sales registered in the quarter increasing by 2.5% compared to the previous year to just over £4.2 billion.
Simon Brown, partner and head of residential sales at CKD Galbraith, said: “The Scottish property market has remained resilient to political and economic changes despite the uncertainty of Brexit. As a firm we have not experience any negative effects or hesitancy from buyers throughout the various localised markets that we operate in and have witnessed healthy levels of sales across the country. The market in general remains price sensitive and provided the property is priced correctly there is demand.”
“Scotland remains an attractive place to live and we have witnessed a significant level of movement across the UK with particular interest from UK buyers looking to purchase in areas including Moray and Dumfries & Galloway as a lifestyle choice where property in these rural regions represents excellent value for money.”
CKD Galbraith’s sales figures over this quarter (April – June 2016) reflect the national trend with the firm reporting a 17% increase in the volume of sales achieved in comparison to the same quarter last year. There was also an increase in the number of properties brought to the Scottish market by CKD Galbraith, up 19% in comparison to the first quarter of 2016.
The firm is also experiencing a significant level of movement across the UK with 53% of buyers coming from within Scotland, 41% of buyers coming from across the rest of the UK and the remaining 6% representing international buyers.