TIME TO PUT YOUR FLAT ON THE MARKET
04 May 2017
IN a buoyant property market, the flats sector in Dundee is proving particularly active this spring.
The Tayside Solicitors Property Centre reported a lively first quarter across the board and the trend has continued in the weeks since the end of March.
Over the first three months of the year local solicitors reported 182 flats changing hands.
Whitehall Crescent manager Lynne Hill noted that the £98,749 average price had advanced 14% from 12 months earlier, when it clocked in at £86,258.
Lynne said: “There is no doubt demand for flats is very strong as we look towards summer.
“We have seen many flats selling quickly in recent weeks. In March we noted various instances of properties going under offer within days of being brought to the market by one of our member legal firms. It is very encouraging.”
The TSPC website and this long-established, popular Property Guide carry details of flats for sale ranging from a one-bedroom starter property in the city for offers over £35,000 to a smart four-bedroom penthouse in the £324,000-plus bracket.
Lynne said the most popular neighbourhoods remained in the West End, with the city centre and the fast expanding Waterfront also generating considerable interest from buyers.
Lynne noted: “As ever, demand is strong from buyers linked to the universities and Ninewells Teaching Hospital.
“A steady turnover of students and staff drives demand in this area and flats are attracting interest from first-time buyers and also couples opting to downsize after the children have grown up and flown the nest.
“The very real mood of confidence in the market is being reflected in the good prices being obtained for many flats.
“If someone is thinking of putting a property on the market they should certainly be encouraged to speak to a solicitor and put the wheels in motion.”