Increased demand for high end homes boosts Perthshire market
A Scottish property consultancy group says increased demand for traditional homes has boosted Perthshire’s property market.
CKD Galbraith has recorded a heightened demand for traditional properties in excess of £500,000 in rural areas, which has seen an increase in demand for larger Perthshire properties over the last quarter.
Sales for the past financial quarter in Perthshire have been up 10% on the same quarter in 2016, with property viewings up 19% and applicant registrations up 20%.
Emma Chalmers, partner and head of agency at CKD Galbraith’s Perth office, said:“There has been a shift in market activity with more mid to higher end properties being sold over the past few months.
“Perthshire property prices remain highly competitive compared to the rest of the UK and we continue to handle sales from a large number of English buyers highly attracted to the rural lifestyle and the value for money property in Perthshire presents. The area is still an attractive prospect for the second home market which has continued to push sales up.”
The most in-demand areas include Aberfeldy, Pitlochry, Loch Tay and some areas in south Perthshire, with many properties in these areas covering up to 40 acres.
However, Ms Chalmers added there is a lack of some types of property coming on the market. She continued:“The local Perthshire market is very much supply driven at present and of notable interest is the lack of supply of two to three bedroom houses and small four-bedroom rural cottages coming onto the market. There is a lot of competition amongst buyers in this segment of the market with properties attracting a number of competitive bids and thus selling well. Tranquil Loch Tay is among high-end property hotspots 150914LochTay1
“We have serious buyers registered with us who are in a position to move quickly and we would encourage anyone considering selling in the £200,000-£400,000 market to do so now as demand remains ever strong.”