Local Market prices showing ‘No Credible Signs of a Downturn’
PERTHSHIRE PROPERTY prices have not peaked – nor have those in Angus and Dundee – according to the findings of a six-month analysis by the Tayside solicitors and estate agents Thorntons released at the end of August. And that’s despite what is happening elsewhere in Scotland and the UK.
In time, reckon the Thornton’s experts, the Tayside prices will stabilise of course, but current trends show no indication of this. If anything, the recent lowering of interest rates is likely further to boost price buoyancy.
Bucking the Trend
Director of Thornton’s Property Service, George Solley, reported: “The Tayside market continues to buck trends elsewhere – 2005 is proving to be an extraordinarily busy year.
“It may be linked to the sheer variety of property available, the quality of life on offer in Tayside – which the rest of Scotland now appears to have woken up to – and improved transport links which have put more communities in reach of more people... |
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“In the middle price bracket from £80,000 to £120,000, demand continues to exceed supply, and this section of the market has been, and will remain, a hotspot in all the areas of the region.
“Towards the upper reaches of the market, growth has been more modest, but demand remains high, as evidenced by the interest shown in individual houses of quality and character.”
George Solley indicated that, at the start of the year, Thorntons forecast a much more stable market during 2005 and would have expected to see some cooling – consistent with trends in the UK market generally.
He now sees that Tayside’s market continues to grow and that, at present, there are ‘no credible signs of a downturn.’
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