George Solley, Director of Property Sales at Thorntons, said: "The Dundee property market during the first two months of 2011 is up on 2010 in terms of the total value of properties placed Under Offer and the total number of properties involved through the Dundee branch of Thorntons Property Services.
"However, the potential activity in the market place is much higher with many homeowners keen to move house and with many buyers, including first time buyers looking to purchase property. However, this demand will not translate readily into sales activity until the mortgage fund availability improves for those in what would be considered key buyers types.
"In reaction to the RICS comments regarding a reduction in house prices, Thorntons Property Services is not experiencing any marked trend indicating house price reductions.
"For those in a position to buy there are competitively priced properties available in the market."
Issued by Beattie Communications on behalf of Thorntons Solicitors.
Contact: Kimberley Hamilton, Tel 01698 787878