Strong Demand Boosts Highland Property Market
CKD Galbraith has reported a healthy level of residential sales and buyer activity across the Highlands during the final quarter of 2016 followed by a significant increase in activity since the start of 2017.
During the final quarter of 2016 (October – December) CKD Galbraith’s Inverness office has reported a 23% rise in the number of property viewings by prospective buyers compared with the same period in 2015. The office also had a particularly active January with 87 viewings and 156 prospective buyer registrations.
Phiddy Robertson, head of residential sales at the firm’s Inverness office, said:
We experienced a steady level of sales throughout the final months of 2016 but recorded a significant increase in buyer activity during the first five weeks of 2017.
Whilst the winter months have traditionally been held as a less favourable time to sell, there appears to be a change in buyer behaviour and sellers are now benefitting from a twelve month market so shouldn’t wait until the Spring months to start marketing their properties when competition in the area will be higher.
The Highlands attract buyers from across the whole of the UK. During the fourth quarter of 2016 national buyers accounted for 67% of all sales in the region. The second home market continues to thrive with interest coming from buyers as far as Canada.
The firm not only has a wide-reaching market but the residential sales team here in Inverness are also highly skilled in matching viewers to the right properties for the best results.
CKD Galbraith operates a network of regional offices across Scotland and figures for the firm as a whole during the last quarter of 2016 show a rise in sales of 17% compared to the same period in 2015, with 12% more properties being brought to the open market and 18% more viewings conducted.
The firm has also witnessed a promising start to 2017 handling over £9.5million worth of property sales and conducting 760 viewings during January alone.