Perth property market update: Spring 2017

What's the Perth property market looking like this spring?

Although we have just about through January, the Perth property market has sprung into life before the traditionally busy Spring market - with plenty of buying and selling activity.

Figures from our busy High Street Perth branch show a record number of houses coming to the market with us this January compared with previous years.

Given the relatively good winter weather there is every sign that this early interest in selling will continue into the Spring market.

Analysis

James McKay, Perth Branch Manager, explains: “This January has been extremely busy for viewings and valuations.  These are both good indicators to judge how the market will perform in the coming months. 

"The fact that many Perth home owners are thinking of selling demonstrates an interest in the market, and volition to sell up sometime soon.  I can see the spring market being very busy with fresh houses to the market, which in turn attracts buyers to view.”

“Our viewing numbers have been incredibly high so far this year.  Buyers are showing that they are eager to see what houses are available even at this early stage in the market.

"I am sure this keenness to view will only grown as more houses come to the market in Spring."

Good time to sell?

James believes there has "never been a better time to buy in the last 20 years" in Perth. 

He added: "With record low interest rates, and houses prices remaining stable, buyers can enter the market knowing they can secure a competitive mortgage rate, and buy at a realistic price compared to the home report valuation. 

"Perth has not seen the steep rises and falls seen in many other Scottish location.  The Perth market is stable and I can see no signs of that changing in the coming months”

Perth property experts

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