Borders housing market shows ‘encouraging signs’

CKD Galbraith
CKD Galbraith

A LEADING independent property consultancy has reported “positive activity” in the Borders house market in the first quarter of this year.

According to CKD Galbraith, the firm’s three offices in the region, at Kelso, Galashiels and Peebles, have all experienced an encouraging start to 2011, with twice as many offers accepted as in the corresponding period of 2010.

“The residential property market in the Borders remains optimistic, with the number of prospective purchasers conducting more than double the viewings over the first three months of this year,” reported Alex Inglis, of CKD Galbraith’s Borders residential team.

“During the same period, we have also carried out 50 per cent more market appraisals, bringing 25 per cent more properties on to the market.

“Our findings for the Borders offices give us good reason to believe that as we enter the main selling season, the market looks somewhat more favourable than it did last year.

“Buyers are serious about purchasing, provided the property is accurately priced as the market is still very price sensitive.

“There is also cautious optimism that first-time buyers are gradually coming back to the market with the National Association of Estate Agents revealing the percentage of sales to first-time buyers increased from 19 per cent in November, 2010, to 25 per cent the following month.”

New properties which the firm has recently brought on to the market include Cairns House at Stichill, a former church conversion with a guide price of £599,000; Parkend in Galashiels at £275,000; and Kendalsmere in Peebles at £450,000.