Scotland sees boost in interest from buyers at home and abroad

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There has been a clear increase in interest and property viewings across Scotland from local, national and international buyers, according to an independent consultancy. The traditionally busy spring period has been followed by even stronger growth in the first few weeks of summer with property valued up to £500,000 selling especially well, says CKD Galbraith which has offices across the country. However, homes valued above the £500,000 level are still tending to stay on the market for longer and overall the market has experienced the natural peaks and troughs in activity in the run up to events such as elections, referendums and holiday periods. But overall CKD Galbraith said its offices have witnessed a considerable increase in buyer activity recently with many sales resulting in competitive bidding and closing dates. ‘We have seen an especially strong surge in activity across the country recently and believe this is due to a number of factors. Political uncertainty has eased and potential buyers and sellers have a renewed confidence in the property markets from the south of England to the north of Scotland,’ said John Bound, partner at CKD Galbraith. ‘There has been increased activity right across Scotland and in Edinburgh demand for high end city centre property continues to rise. The Inverness office is experiencing some extremely positive movements. We were instructed on 26 new properties in the past three weeks and we are being invited to pitch for more on a daily basis. There have been over 50 viewings in a fortnight with prime property on the west coast continuing to do very well indeed,’ he pointed out. The Edinburgh property market made an extremely strong and promising start to 2015 and shows no signs of slowing down, despite any uncertainty which surrounded the general election, according to Lorna Donaldson from CKD Galbraith’s Edinburgh office. ‘During the first three months of 2015 the Edinburgh residential team sold over 40% of its city centre offerings to cash buyers, with just under half of all city sales going to closing date, and with properties achieving up to 14% over the home report valuation,’ she said. ‘May has definitely marked a return of confidence and increase in interest from buyers who are ready and able to act fast and pay a premium for the right property in their preferred location,’ she added. The firm’s Perth office has also reported a notable boost in activity with three properties having gone under offer in the last week alone and rising viewing figures for properties sensitively priced across all price brackets. The team in Perth is also preparing to launch a further 16 properties to the market and expect interest from buyers both locally and national, as well as the international buyer. The Castle Douglas office has seen a good level of new property coming to the market in Dumfries and Galloway. ‘Accurate and sensitive pricing remains key to buying and selling property in the region,’ said David Corrie. Continue reading →

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