Galbraith recorded a 10% increase in the number of viewings conducted in the first quarter of this year in the region, compared with the preceding quarter and a 50% increase in the number of market appraisals provided. Before the lockdown, a buoyant market in 2020 had been anticipated.
There were also 29% more applicants registering to receive property updates from Galbraith than in the previous quarter, a demonstration of the strength of demand in the region.
There are indications of pent-up demand from buyers developing during the lockdown especially for rural properties in desirable locations. One such property in Renfrewshire launched for sale on 24th April and has already received 35 requests for a viewing, as buyers are keen to proceed once the restrictions are lifted.
Fiona Fulton, from the Galbraith office in Ayr said:
The first quarter of the year was strong, with plenty of activity from buyers, new instructions from sellers and good levels of demand, particularly for rural properties with a small amount of land, and village-centre properties.
The lockdown has put a pause on transactions but there is plenty that can be accomplished just now by both buyers and sellers to ensure they are ready to proceed as soon as we are able to do so. Prospective purchasers are looking at properties remotely through video links and online portals such as OnTheMarket. Agents are on hand to talk to buyers and sellers about how they can best prepare for the restart.
Home owners can get ready for a sale by checking their title deeds are correct and working with the agent to complete the property questionnaire associated with the required Home Report. We can assist vendors by identifying any parts of the property which the surveyor will pay attention to and, via video calls, discuss in detail any parts of the house or grounds which could be improved to ensure a good Home Report.
We are working closely with buyers to discuss their needs, to give them detailed information about what is on the market and the pros and cons of a particular location – this has proved invaluable in helping them to narrow down what they really want when the time comes to proceed. We also have a portfolio of clients looking to sell their property this year once restrictions are eased.
Currently on the market through Galbraith are properties including:
An impressive family home with the potential to create an annexe/separate apartment. Beautiful period features. Five reception rooms, four bedrooms. Sheltered south facing gardens. The house is situated in a most desirable residential area in Ayr yet within walking distance of the town centre, beach, Belleisle and Rozelle Country Parks.
St John’s Cottage is an elegant, A-listed pavilion style house built in the early 19th century and enjoying countryside views. Four bedrooms (all en suite); four reception rooms; mature and private gardens and courtyard, separate grazing paddock, outbuildings.