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Strong start to 2014 for property market in Perth

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Predictions of recovery in the Perth property market have been borne out by the latest figures.

James McKay, property manager at Thorntons Property Services, said he was encouraged by the number of houses being viewed in January.

“Our branch in George Street has seen a phenomenal amount of activity for January, compared to previous years,” he said.

“Our potential sellers have asked us to look at over 30% more properties this January, compared to the same period in 2013, in anticipation of selling these homes in the spring market.

“All areas of Perthshire have seen uplift in inspection numbers, and, in particular, the usual hotspots of Oakbank, Craigie, Scone and Kinnoull remain active in this early new year period.

“There have been over 10% more houses coming to the market in the first four weeks of the year, compared to last January,another sign that the Perth property market is regaining confidence.”

He is not expecting any big increases in the price of local properties, however.

Looking ahead, he added: “Perhaps we will see some small price increases for bungalows in good areas including Scone and Oakbank.

“These types of properties still remain very popular, as do three-bedroom. ex-local authority properties in Letham and North Muirton.”