The Courier & Advertiser (Perth and Perthshire Edition)
Tayside property market remains ‘buoyant’
As autumn swings into view following a plethora of closing dates reported over the summer, the Tayside property market is in good shape.
The Tayside Solicitors Property Centre, based in Dundee’s Whitehall Crescent, reported sales totalling 1,214 by the half-way mark of the year and Centre manager Lynne Hill anticipates the current demand for properties to continue unabated.
She said: “As ever, the good weather tends to bring out viewers and the good news for sellers is that we are seeing prospective buyers with serious intentions tapping into the Centre staff’s knowledge of the market in Dundee and Angus, in particular.
“The Tayside market is buoyant and the waterfront is proving increasingly popular as the major building projects roll out down by the riverside. Traditional magnets in the West End and in Broughty Ferry continue to attract buyers and our member law firms have been witnessing more homes going to closing dates when several offers come in.
“Given Dundee’s status as a university city, there is always a steady turnover of flats over the summer. We are seeing more properties achieving and exceeding valuation so far this year and the outlook remains positive for the rest of 2016.”
Meanwhile Perthshire Solicitors Property Centre manager Anne Begg said: “With autumn just around the corner, we have detected some positive trends which should encourage anyone looking to sell up this season.
“Looking at July, the value of sales was the highest of any month in 2016, with over £12m worth of homes sold.”
“It would be fair to say that there are improvements in some areas and slight dips in others and this is the case right across the country. More and more properties are achieving their asking price with pricing being more consistent and reliable and you are more likely now to achieve your Home Report value than has been the case in recent years.
“Due to a decrease in stock, which very much reflects the national picture, we are seeing that many properties are going under offer very quickly, sometimes within a few weeks and often over their valuation. This is particularly the case in popular, family centred areas with good schools nearby.”