The Elite Ayrshire Business Circle

The Elite Ayrshire Business Circle

Wednesday, 1 February 2012

CKD Galbraith report encouraging 2012 start for Ayrshire housing market

Scotland’s leading independent property consultancy, CKD Galbraith has reported a slightly more positive start to the year than expected, having experienced an encouraging level of activity in the Ayrshire property market.

Following research conducted by CKD Galbraith’s Ayr office for the first month of 2012, the firm noted an increase in the number of property viewings and new applicants registering.

The number of property viewings during January 2012 is up 50% on the same period for 2011, whilst the number of new buyers registered with the firm and actively seeking property in Ayrshire has increased by 63%.

Throughout 2011, CKD Galbraith sold property in excess of £200million across the whole of Scotland and the like-for-like data for 2011 compared to 2010 showed that viewing figures were up last year for the firm as a whole by a staggering 148%, with the number of properties sold during 2011 increasing by 16%.

Bob Cherry (pictured above), partner of CKD Galbraith and head of residential in the Ayr office said: “We have been encouraged by the recent more positive interest we have witnessed recently for the start of the year, and we hope that this might indicate a degree of confidence returning to the property market.

“There are serious buyers out there willing to purchase, but it remains very much a buyer’s market, so it is critical that property is priced accordingly and professional marketing is more important than ever. We believe now may prove the right time to buy.”

Prices achieved for all properties sold by the firm during 2012 were, like 2011, on average within 0.5% of the asking price, highlighting the firm’s unrivalled local knowledge of the market and expertise in setting prudent valuations.

There are currently over 2400 active buyers registered on the firm’s advanced marketing database with approximately 20% being cash buyers.

A recent example of a positive property sale in the area is Duisk Lodge (pictured above) by Barrhill, Ayrshire, a delightful country house in private wooded grounds. It was marketed at offers over £225,000 and sold at the closing date for £311,000 in October 2011 after receiving four offers of interest.

Currently for sale through CKD Galbraith’s Ayr office at offers over £180,000 is Nether Failford (pictured above) in South Ayrshire, an attractive Victorian Coach House requiring complete refurbishment in a sought after rural location. This property recently came on to the market at the beginning of January and has already received 36 viewings and five notes of interest.

About CKD Galbraith

CKD Galbraith is an independent property consultancy specialising in serving the needs of private clients. It employs over 200 people in offices in Edinburgh, Stirling, Perth, Cupar, Inverness, Aberfeldy, Castle Douglas, Ayr, Elgin, Galashiels, Kelso and Peebles.

The partnership provides the full range of property consulting services across the commercial, residential and rural sectors throughout Scotland. The company enjoys a successful relationship with its associate firm in London, CKD Kennedy Macpherson.

The company’s rural arm specialises in farm sales and purchases, the management and sale of large estates and woodland, valuations and building surveying work.

CKD Galbraith’s Ayr Office is a Founder Member of the Elite Ayrshire Business Circle.

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