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Second Home Buyers Boost The Highlands Property Market

The Highlands property market has witnessed an extremely active period in terms of property sales, boosted by second-home buyers, according to new quarterly figures released by Galbraith covering 1st April – 30th June 2019. 

Property sales handled by the team in Inverness increased almost twofold over this period in comparison to the previous quarter, with buyer confidence also remaining high. 18 per cent more viewings and 22 per cent more market appraisals were carried out.   

Phiddy Robertson, who leads the Galbraith residential sales team in Inverness, said:

The property market in the Highlands is proving really strong at present. It continues to benefit from the double buyer market with demand from those moving to or within the area for work and the second home and tourism markets.    

78 per cent of buyers this quarter were Scottish and 22 per cent were from the rest of the UK. The average selling price for property sold by the firm’s Inverness office was £315,696.  Phiddy continued:

There is strong demand for well-sited coastal property and many of these benefit from the success of the NC500 which has brought improved services and greater employment opportunities. Buyers are looking for a lifstyle property either as a permanent residence, B&B or holiday home.    

Properties are selling well with some competitive closing dates being set – one recent sale received an impressive 27 per cent over the asking price.  We have an active database of buyers ready to move when the right property comes along so would encourage any homeowner considering selling to do so now when the market is extremely buoyant.  

 

Currently for sale through Galbraith in Inverness:

38A Mellon Charles, Achnasheen, Ross-Shire, Offers Over £375,000 

No 38A Mellon Charles is in the scattered crofting township of Mellon Charles close to Aultbea. The property is in a spectacular setting, set above the shores of Loch Ewe and with breathtaking views across the loch to Loch Ewe Island and the Torridon mountains. The property is used by the current owners as a second home and is ideal as a holiday retreat with semi open plan reception rooms, a generous general store/drying room, a games room, and bedrooms on both the ground and first floors. The potential also exists for full residential use or as a B&B or holiday let.

 

Larisa House, Bunloit, Drumnadrochit, Inverness, Guide Price £700,000 

Larisa House is in the scattered hamlet of Bunloit close to Drumnadrochit, a village famous for its setting on Loch Ness in the Great Glen. Built by the current owners approximately 30 years ago, this property takes advantage of the stunning views over Drumnadrochit to the hills beyond. The property has been finished to a high specification with beautifully appointed accommodation. The house is ideal for entertaining with generously sized rooms, terraces around the house and a billiard room, formerly a swimming pool, whilst also offering excellent family accommodation. 

Galbraith handles the sale of residential properties worth £51.7m on average per quarter across Scotland as a whole.