Encouraging property market activity in region

The Dumfries and Galloway property market is showing encouraging signs of activity after a slow start to the year, according to leading Scottish property consultants, CKD Galbraith.

The firm in Castle Douglas has experienced an increase in the number of property sales over the second quarter of the year (period April- June 2015) compared to the first quarter, with more properties coming onto the market and an increase in the number of potential buyers in the area registering with the firm.

Research conducted by CKD Galbraith over the Q2 period of 2015 presents an encouraging picture for the Scottish property market as a whole which has witnessed steady growth over the first half of 2015. The firm’s overall sales were up 4.65% during quarter two of this year compared to the first quarter of 2015.

CKD Galbraith’s Castle Douglas statistics from the second quarter show:-

· 57% increase in property sales this quarter compared to quarter one of 2015

· Increase in number of potential buyers registering with the firm – up 31% on last quarter’s figures

· Supply of property rose by 5% from quarter one

· 20% of sales were completed by local buyers, 80% national

· Property sale values ranged from £175,000 to £510,000

· 70% of purchases were made by cash buyers

David Corrie, head of residential at CKD Galbraith’s Castle Douglas office, said: “We are now witnessing some encouraging signs of activity in the Dumfries & Galloway property market with buyer confidence improving and our team handling an increase in sales this quarter.

“It is still of notable interest that the area attracts a high percentage of buyers from the national market many of whom are taking advantage of the ‘value for money’ the area offers and making a purchase as a second holiday home.”