THERE’S a spring in the step of potential house buyers in the area covered by the Tayside Solicitors Property Centre.
TSPC manager Peter Ryder has been
casting an eye over the first quarter statistics and it’s good news for buyers and sellers alike.
Sales totalling £75 million have been confirmed between the start of the year and the end of March as local solicitors sealed deals for 489 properties, well up on the corresponding figure last year of 387.
And Peter noted: “Each month of the first quarter has shown a significant increase compared to the last year. The overall sales figure is up by 26%.
“It’s clear that more properties are selling because clients are now being more realistic with their expectations and asking prices.”
The average price of properties sold through the Whitehall Crescent Centre is on the up and Peter suspects that is down to an increase in activity in the mid-range market, covering the spectrum £150,000 to £250,000.
The first-time buyer market has held firm but property market observers are now hoping for movement in that sector.
“House prices remain on similar levels to last year when we are comparing like for like properties. The average price is around £152,000,” said Peter.
Looking at properties coming onto the market through the area’s leading property centre, he said 857 registrations had been confirmed, compared to 747 last year.
“Again, every month this quarter has shown an increase compared to last year. Overall registrations have increased by 14.73%.
“This is very encouraging as it proves people are more optimistic that they will sell their property compared with last year. This could be the start of a feel good factor and the quarterly sales stats certainly give us grounds for optimism going forward.
“I would say we have enjoyed a very solid start to the year and we would expect this trend to continue into the second quarter.
“There has been some positive news for the Tayside area in terms of announcements regarding the Waterfront Development in Dundee and the GlaxoSmithKilne facility in Montrose.
“Hopefully this is the start of a sustained recovery in the TSPC area.”
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