Growing signs of confidence returning to Aberdeenshire property market

Growing signs of confidence returning to Aberdeenshire property market

Todays other news
The Renters Rights Bill need not be seen as an...
In the 12 months to March, a newly agreed tenancy...
Traditions are changing - accelerated by tax and regulation changes...
A bar is among a pair of properties in Walsall...
Budgets continue to be stretched by rising bills, contributing to...


Confidence is returning to the Aberdeenshire property market, according to local experts.

Following a somewhat turbulent few years in which local property prices have fallen sharply, market conditions appear to be improving, fresh data from CKD Galbraith shows.

The property consultancy’s Aberdeen office has just released some new figures revealing that supply and demand for all types of properties across the region showed healthy signs of growth during the first three months of the year.

In the first quarter, buyers remained sensitive to pricing but there appeared to be renewed enthusiasm with a 13% increase in the number property viewings conducted by the firm compared to the previous quarter.

The number of homes sold by CKD Galbraith in Q1 increased by threefold whilst property registrations also doubled in number compared with the same period of 2016.

Hannah Christiansen, head of residential sales at CKD Galbraith’s Aberdeen office, said: “The Aberdeen market has proven to be very resilient to change over the past three to four years and we’re confident that the figures for the first quarter of this year demonstrate an upward trend for the coming summer months.

“There has also been signs of increased movement towards the higher end of the market with our experienced sales team recently handling the sale of several substantial rural properties in Aberdeenshire. However, as with all areas of Scotland, the higher end of the market does remain slow and it’s important that sellers continue to evaluate their property’s value in relation to the recovering market.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Property adviser Bidwells has launched a Land & Development department....
The new venture will focus on negotiating off-market discount...
Is Build To Rent really a better investment than Build...
Aberdeen has the lowest property prices whilst Middlesborough has the...
The current controls come to an end on March 31...
140,000 homes listed on sale in January - the highest...
Recommended for you
Latest Features
The Renters Rights Bill need not be seen as an...
In the 12 months to March, a newly agreed tenancy...
Traditions are changing - accelerated by tax and regulation changes...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here