9th August 2011 back to news

GS Residential Review for July 2011

There is no doubt that the market remains challenging, particularly since the School holidays
started, and many families/ buyers are now focussed on holidays rather than house buying
or selling. We normally see a general slowdown during the summer months, and the early
evidence supports that this year is no different, however given the ongoing challenges in the
market, that have existed during this year so far, if you are a buyer, then this is a good time
to buy. If you are selling, then you have to be realistic in your price expectations if you wish
to achieve a sale in a realistic timescale. Pricing remains a key issue, and there is no doubt
that as buyers are prepared to "shop around".
Craig Henderson

As is usual for this time of year, during school and annual summer holidays, market activity has slowed somewhat, with a reduction in numbers of properties coming to the market.  Sales prices however still appear to be remaining relatively firm and continued requests to refresh Home Reports indicate properties are continuing to sell within reasonable time periods.  At the top end on the market, high quality well presented and located properties in Aberdeen and western suburbs continue to achieve good sale prices, while the lower end flat market remains relatively static with sales of properties in good order continuing to fare better than those requiring refurbishment.
Darroch Robertson