Perthshire Property bosses reflect on ‘stable’ year

Perthshire property bosses are reflecting on a ‘stable’ year in the market, with predictions of a similar year to come.

Perthshire Solicitors Property Centre (PSPC), which comprises 21 solicitor and estate agent member firms, has revealed its year-end statistics which show sales of just over £138.6m worth of homes (including plots and commercial properties) last year, a total of 773 properties. The quarter from April to June was the top sales quarter of the year.

The average sale price throughout 2017 was £181,581. This was an increase on the overall average sale price during 2016, when the average sale price was around £10K less. Indeed, with the exception of semi-detached bungalows, the average sale price for every property type was higher in 2017 than in 2016.

Anne Begg, PSPC manager (pictured), said: “When it comes to the property market, stability is key. Yes, we have seen previous years featuring more impressive sales figures but the situation is roughly on a par with last year, which is a positive.

“On top of that, we have seen the welcome trend of many homes being snapped up much more quickly than usual, due to there being fewer properties in the mix. Insertions were a little down last year, which is disappointing but very much in line with national trends.

“As we enter a near year, we would once again urge people to be realistic if putting their home up for sale. Using the Home Report valuation as a guide should lead to a fairly quick and satisfying sale.

“With life very much ‘back to normal’ for most of us, it’s never too early to get the ball rolling. We are confident that 2018 will echo 2017 when it comes to stability, with no major change to the market.”