A local property expert has described the Dundee property market as resilient after the results of a Royal Institute of Chartered Surveyers (RICS) survey were released earlier this week.
George Solley, director of property sales at Thorntons Property Services, said the market in the city is performing well.
He said: “Sales performance has continued to improve into October with the month-to-date sales exceeding the value of new properties coming to the market, which is producing some good results for sellers.”
The report shows that there are 165 properties currently on offer in Dundee, Alex Gosling, managing director of online estate agents Housesimple.co.uk, which conducted the research, said the figures reflected an uncertainty in the Dundee property market.
He said: “Our data reveals just how uneven the supply of properties is across the country and nowhere is this inconsistency starker than in Scotland.”
However, Mr Solley believes the number of properties on the market in Dundee may actually be the sign of a healthier sales market.
He said: “The timescale for properties selling has changed and the rolling stock does reduce in these conditions, particularly towards the end of the year where listing of properties tends to reduce anyway.
“The market has shown resilience and there has been a marked shift in emphasis to finding suitable property to buy rather than concerns about selling.
“This is still not ‘across the board’, but many sectors of the local market are selling well and at prices which are in keeping with sellers’ requirements.
“However, having experienced the ‘ups and downs’ of the property market, there is a lot be said for sellers taking advantage of any current demand which exists.”