14 Oct 2015
James McKay, Perth Office Manager, looks at the Autumn property market in Perth and Stirling
Perthshire is a lovely setting at this time of year, both in terms of brown-leaved aesthetics, and the strong local property market.
Now that Autumn has arrived, the Perthshire and Stirling markets are showing strong levels of activity for many sellers. Demand has been good for properties priced between £100,000 and £300,000 in both of these central Scotland areas. A combination of a general increase in economic confidence, coupled with low interest rates has attracted large numbers of buyers to the ever improving Perth and Stirling markets.
In Perth and Perthshire, properties in the PH1 and PH2 postcode areas have been particularly sought after by first time buyers, or young families looking to up in this busy market. These buyers have snapped up two and three bedroom terraced houses, semi detached villas, and larger four bedroom detached villas. Particular areas of Perth including Scone, Oakbank, Craigie, and Kinnoull have recently seen a shortage of stock of these types of homes. When houses in this price bracket have come to the market, there has often been a clamour of immediate interest ensuring a quick sale for the seller, at an attractive price- at or above home report valuation.
The Stirling market has seen similar levels of activity for similar types of properties. Areas such as Kings Park, Cambusbarron, Bridge of Allan, and Dunblane remain as popular as ever. The ex local authority and entry level flat market is also selling well.
There is every sign that this high level of Autumn activity will continue for the remainder of the season with a general shortage of supply of middle market homes, coupled with enthusiasm for buyers to snap up their dream property prior to the winter and a possible interest rate rise.
I advise speaking to your estate agent about getting on the Autumn market and benefiting from the continued strong levels of sales activity.