31st May 2012 back to news

GS Residential Review for May 2012

“As with the previous month there continues to be a lot of activity in the market, both in the Aberdeen and its surrounding suburbs where many sales are continuing to take place, with good prices often being achieved for the best examples.  At the very top end of the market properties continue to perform very well, with many achieving prices well in excess of Home Report valuation figures underlining the continuing wealth in Aberdeen.”
Darroch Robertson, Associate, Aberdeen (see inset photo)

"As we approach summer, we have seen a slight reduction in activity levels, and unfortunately
continued downward pressure on sales prices. Whilst the return of the UK economy to recession is a borderline situation, based on the economic figures produced by the UK Government, there is no doubt that that buyers will see this as another negative in the house buying process and seek to use that to their advantage and attempt to pay the lowest price for the proeprty they are thinking of buying. I suspect that the current factors will prevail for the time being, and we will see a similar level of market activity to what has been the case for the last year or so, with buyers continuing to offer below Home Report Values."
Craig Henderson, Partner, Glasgow