Steady Improvements In The Scottish Residential Property Market
CKD Galbraith supports today's Registers of Scotland Quarterly House Price Statistical Report (October to December 2013) and reports that it has also experienced steady improvement in the residential property market throughout 2013.
CKD Galbraith, Scotland’s leading property consultancy, supports today’s Registers of Scotland Quarterly House Price Statistical Report (October to December 2013) and reports that it has also experienced steady improvement in the residential property market throughout 2013.
Registers of Scotland has reported that the number of residential properties sold in Scotland in the period from October to December 2013 was up 26.1 per cent on the same period in 2012. CKD Galbraith has also experienced a growth and increase in property sales throughout 2013 with an increase of 34 per cent on previous year’s figures with an average property value of £422,127, which was an increase of £25,250 on the previous year.
Today Registers of Scotland reported that The City of Edinburgh had the highest number of sales with 2,951 properties changing hands, up 35 per cent, a trend experienced by CKD Galbraith’s Edinburgh Residential department.
Alasdair Mackenzie, Head of Residential Sales at CKD Galbraith’s Edinburgh office said:
“Over the last quarter we have seen an increase in business across all our offices in Scotland and we believe that this is set to continue throughout the spring months. The market is beginning to show some very encouraging signs with many prospective buyers looking to gain from viewing even earlier than usual.
“The Edinburgh market in particular saw a dramatic improvement throughout 2013. Viewings in the Edinburgh area were up 48 per cent on the previous year, with 37 per cent of properties sold to buyers from outside Edinburgh. There has been a marked increase in buyers from the south and abroad wanting to invest in property in Scotland’s Capital.
“The forecast is bright for those looking to sell in the coming months and we believe that the growth demonstrated in 2013 is set to continue throughout Scotland into the spring of 2014.”