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Perth welcomes significant surge in property sales

The property market in Perth has rocketed to levels not seen since prior to the global monetary crash in 2007, selling representatives have revealed.

AberdeinConsidine stated the rise in sales activity across the area since January has actually been incredible reporting a near 60 % increase in its own sales compared with last year.

Properties valued up to 250,000 are selling within days in some parts of the city, the firm said.

New figures from the Registers of Scotland (RoS), Scotland s main keeper of property records, also show a spike in sales.

According to its newest figures, 30 million worth of property changed hands in the city and surrounding area in January, up from 22m over the exact same period last year.

AberdeinConsidine s Perth branch supervisor James McKay, who has been selling property in the city for more than 20 years, said increased interest is being revealed at all levels of the market.

The rise in sales activity on our properties since the start of January has actually been phenomenal, he stated.

After 22 years in the business, even I am amazed by how much company levels have increased over the winter season and into spring.

He stated: We have actually seen a surge in demands for watching’s for houses priced between 50,000 and 250,000 in all locations of the Perthshire market. The upper market above 250,000 is revealing motivating signs too.

The RoS figures reveal that 168 homes were offered across the area in January, up from 128 in January in 2014. The average price has also rose from 175,888 up to 183,802 over the duration.

Mr. McKay included: Our figures across the Perth market are all on the up. Year to date, the number of properties we have sold has actually increased by 57 % compared to the exact same duration in 2014.

The typical price of our offered properties has actually enhanced by around 17 %, and the total combined value of our sold properties has actually increased by an extraordinary 84 % compared with the exact same duration in 2014.

In Perth, there is strong purchaser demand in the majority of locations consisting of Oakbank, Viewlands, Craigie, Kinnoull and Scone.

Numerous current sales in the Oakbank and Craigie areas happened just a couple of days after the start of marketing.

He said there is also strong need in Blairgowrie, Bridge of Earn, and other villages such as Balbeggie. As far as I can forecast, this is just the start of what promises to be an extraordinary year for sales in the Perth market, Mr. McKay said.