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Scottish property market benefits from sales surge

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The Scottish property market has a spring in its step for early summer.

CKD Galbraith, an independent consultancy with offices across Scotland, has reported a clear increase in interest and property viewings across Scotland from local, national and international buyers.

The traditionally busy spring period has been followed by even stronger growth in the first few weeks of summer with property valued up to £500,000 selling especially well. Homes valued above this level are still tending to stay on the market for longer.

The property sector is familiar with the natural peaks and troughs in activity in the run up to events such as elections, referendums and holiday periods. However, CKD Galbraith has witnessed a considerable increase in buyer activity recently with many sales resulting in competitive bidding and closing dates.

John Bound, Partner at CKD Galbraith said: “We have witnessed an especially strong surge in activity across the country recently and believe this is due to a number of factors.

“Political uncertainty has eased and potential buyers and sellers have a renewed confidence in the property markets from the south of England to the north of Scotland. There has been increased activity right across Scotland, and in Edinburgh demand for high-end city centre property continues to rise.

“The Inverness office is experiencing some extremely positive movements. We were instructed on 26 new properties in the past three weeks and we are being invited to pitch for more on a daily basis. There have been over 50 viewings in a fortnight with prime property on the west coast continuing to do very well indeed.”

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