The latest figures compiled by Galbraith indicated another strong quarter in terms of residential activity for the firm's Castle Douglas office, with a 13% increase in the number of property sales completed during the three-month period ending 30 September 2017, compared with the same quarter of 2016.
There was also a 60% increase in the number of property viewings over the same period and a 76% increase in potential buyers registering with the firm in Castle Douglas compared to the previous quarter of 2017. David Corrie, head of residential sales and lettings at the Galbraith Castle Douglas office, said:
The enduring appeal of Dumfries and Galloway, with its spectacular scenery and spacious property offering great value for money, is a draw for many house buyers, and has been especially popular with those looking for a more relaxed way of life or a rural yet easily accessible location offering an outdoor family lifestyle.
Over half of all our property sales this quarter were to buyers south of the Border and we have a database of potential buyers seeking the rural idyll that Dumfries and Galloway can offer.
The Galbraith lettings team in Castle Douglas has also had a positive third quarter, having handled three times the number of property lets than the same quarter last year and having brought 43% more properties available for let to the market. Aaron Edgar, of the Galbraith lettings team in Castle Douglas, said:
Dumfries and Galloway represents a great rental opportunity particularly for those keen to enjoy some rural living and we have witnessed another successful quarter in the lettings sector. Properties have let well and demand remains high for good quality houses within town centres, in particular Castle Douglas and the surrounding area.
We have seen further demand from rural property landlords seeking advice when it comes to letting out their property given the wide range of statutory requirements they must now comply with. Many of these landlords choose to manage the properties themselves but require guidance with the preparation of the property as well as enacting a tenancy agreement.
The Scottish Government will introduce its new code of practice and mandatory register for letting agents from 31 January 2018 to improve standards within the sector. Key individuals within a lettings agency must meet a minimum level of training and have the adequate qualifications by September 2018, otherwise they will not be able to continue letting properties. It is therefore advisable to choose a lettings agency that fully complies with the new legislation before it comes into force at the start of next year.
Galbraith already has agents qualified to the highest level and David Corrie in Castle Douglas is in the process of completing his lettings compliance training.