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Waterside Living Attracts House Hunters In The North

Galbraith, reports flourishing sales in its Inverness-shire and Highland region, with demand and supply both having risen significantly in the past three months. 

The firm currently has 32 properties under offer in the Highland region, an increase of 22% compared with the preceding quarter.

Of particular note is the strong demand for waterside homes. Purchasers from all over Scotland and further afield are drawn to properties with loch, river or sea views and these properties are selling particularly well. The firm has in the past four weeks alone brought seven properties to the market with waterside outlooks and all of them are now under offer for a figure above the asking price.

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

This attraction to waterside property is a particularly evident trend at the moment throughout the whole region and we are fortunate in this part of the world to have such a beautiful coastline. Sometimes applicants who register for property updates with us will note that they are especially interested in coastal or lochside homes so we can match them to the right type of property when it comes on the market. That process and our close interaction with potential purchasers helps generate a good supply of buyers for each property and ensures that the right price is achieved.

I am also pleasantly surprised by the level of demand in the market overall, which is far stronger than many people were predicting six months ago. There seems to be a good level of confidence in the region and many properties are being brought to the market now too. It’s a much more positive picture than we had perhaps expected.

The seven properties currently under offer through Galbraith are all situated in scenic areas, as follows : Tigh a Bhroch on the Sound of Sleat, Kilmartin Cottage with views to Loch Miekle, Woodlands Cottage bordering the River Moriston, Conchra plot on Loch Long, Boleskine House on the shores of Loch Ness, Culcairn Mill on the River Glass and Stain Croft on the coast near Wick in Caithness.

In the Highland region Galbraith has recorded an increase of 9% in the number of potential purchasers registering on its books over the past three months. In addition, viewings are up by 3% year on year as buyers compete with each other to secure the right home. 

On average Galbraith handles £54 million worth of property sales per quarter, for Scotland as a whole.

The firm’s preliminary results for the financial year ending April 2019 show an increase in revenue of 7 per cent and an increase in profits of over 12 per cent.