20th December 2011 back to news

GS Residential Review for December 2011

The market in December is very much as we expected, with reduced activity levels, indeed very much reduced numbers of new vendors taking their property to the market, however this is very typical of a normal December. I await with interest the New Year, as whilst I do not expect a sudden rush of new vendors, I would expect to see people starting to come out of the Festive period with thoughts of selling, and would anticipate a slight upturn during end of January into February and March 2012, when compared to the last 3 months.
Craig Henderson, Partner, Glasgow office

Approaching the end of 2011, as expected the residential market has cooled somewhat with the number of properties coming to the market in the last month greatly reduced.  This however has allowed existing stock to become more exposed and as a result we have noticed an increase in the number of Replacement Home Reports being instructed, indicating these have now sold.  Agents are also advising levels of enquiries remain reasonable with an increase in the number of people enquiring about going on the market in the New Year.  Let’s hope for milder weather over the coming weeks to maintain interest and increased activity in 2012.
Darroch Robertson, Associate, Aberdeen