Ongoing Stability for Perthshire Property Market
Published on 5 January 2016
Perthshire property bosses are reflecting on ‘another year of stability’ in the local market, having sold almost exactly the same value of property for a second year running.
Recently collated statistics from Perthshire Solicitors Property Centre (PSPC) reveal that 2015 was a strong and steady year for the local market, and a year which performed almost identically to 2014. Member firms sold almost exactly the same value of homes, with the combined total for 2015 once again sitting at just over £164M.
The average sale price throughout 2015 was a welcome increase on 2014, with the typical 2015 property selling for £178,281 compared to the 2014 average of £165,583. The third quarter of 2015 performed particularly well, with 271 homes selling, a welcome increase on the same quarter in 2014. The top sales month of 2015 was October, with 108 homes selling, more than twice the amount which sold during January 2015.
Villas sold particularly well, as did bungalows, and the number of flats selling throughout 2015 was on a par with 2014, as was the typical value of flats throughout 2015.
Anne Begg, Manager, PSPC commented, “When it comes to such a crucial sector as property, stability is key and that’s exactly what we have saw throughout 2015. While sales dropped by a handful, people are generally achieving a little more for their sale which can only be good news. The major peaks and troughs which we saw in years gone by are unsustainable but an ongoing, stable picture points to a certain degree of safety, reassuring words for anyone selling up in 2016.
“As we enter a new year, we would urge people to be realistic if putting their home up for sale. Properties have been selling well and often quite quickly so that realism, using the Home Report valuation as a guide, should lead to a fairly quick and satisfying sale.”