Growing signs of confidence returning to Aberdeenshire property market

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.”