Ayrshire property market sets the pace

Property sales across Ayrshire have been driven forward by cash buyers making successful offers and quick sales, according to estate agents CKD Galbraith.

The firm is reporting that a high number of successful sales completed during the first quarter of the year has allowed buyers to progress quickly with their next purchase and is resulting in an increasingly stable property chain in the region.

CKD Galbraith’s Ayr office reported that it had sold more than double the number of properties in the first three months of 2016 compared to the same quarter of last year. There has also been a 19 per cent rise in the supply of houses in comparison to the last three months of 2015.

Bob Cherry, head of residential sale at the CKD Galbraith’s Ayr office, said: “The general uplift in the region’s property market can be equated to the increased volume of successful sales at the start of the year, which lead in turn to an increase in buyers ready to purchase their next property.

“The boost of active buyers to Ayrshire is also helping to ensure smooth buying and selling processes. The quickest sale during the first quarter of this year took only 12 days to receive a successful offer and is a reflection of the steady movement the market is experiencing.”

The Ayrshire lettings market has also experienced a very positive first quarter according to head of lettings for the region, Marjory Douglas, who added: “The lettings market across Scotland remains very healthy with high level of demand and competition for good quality lets. Demand in Ayrshire during the first quarter of the year increased by 20% compared to the same period last year, in part due to the number of successful sellers renting local property temporarily before finding their next house to buy.”