The Edinburgh property market continues to show encouraging levels of activity according to new statistics released by Scottish property consultants, CKD Galbraith.
Following research conducted by the firm’s city office, the third quarter saw viewings and the number of properties for sale rise considerably whilst the number of sales remained broadly unchanged. CKD Galbraith’s findings supports the recent Register of Scotland’s quarterly housing price statistics for July to September 2013 which also reported positive results with Edinburgh City having the highest priced properties where the average home changed hands for £222,759.
‘Market confidence has been continuing to grow throughout the year and we have seen increasing willingness from buyers and sellers to make their next move. The statistics demonstrate an improving picture for the market and we forecast this is likely to continue into next year,’ said Alasdair MacKenzie, head of residential at CKD Galbraith’s Edinburgh office. The data shows that very strong growth in the previous quarter of 2013 with sale up 14% and missives concluded up by 20% which has been sustained throughout this quarter.
Also the supply of houses listed for sale is up by 30% on the previous quarter and up by 21% on the third quarter of 2012 while viewings are up by 78% compared to the third quarter of 2012 and up by 10% against the previous quarter of this year.