Posted on Aug 13, 2013
A Dundee property expert has revealed that the local housing market has made a 'major' improvement in the current quarter.
George Solley, Director of Property Sales at Thorntons, comments on the increased activity in the Dundee housing market following a recent report published by the Royal Institution of Chartered Surveyors (RICS), which revealed that a growing number of buyers are looking to return to the market.
He said: "The Dundee area has shown increased activity in the housing marketing for July and August. The number of viewings for the first two weeks in August is up by 36% from the same period last year, with figures for the number of houses 'under offer' also rising.
"The average price of house sold has also increased with improved activity in the middle to high end market. We have experienced some increased use of closing dates on popular houses, which again highlights a considerable improvement in the market.
"One possible explanation is that buyers are much more confident that the prices have stabilised and those in a position to buy are comfortable in doing so. Many people may also be looking to secure property in anticipation of rising house prices ahead.
"Not only are a greater number of houses being sold, they are also being sold at acceptable prices. It is refreshing to see such a positive change to the housing market in the area, especially after such a difficult time.
In Perth, Thorntons Property Manager, James McKay, reports similar improvement in activity with viewing well up on last year with strong demand in the £100,000 to £250,000 price bracket in particular.
13 August 2013