Monthly Blog

AYRSHIRE PROPERTY UPDATE

 

House prices are rising in Scotland and will continue to rise over the next 12 months, according to a recent survey by industry experts.

 

The number of sellers reporting rising prices in Scotland jumped from 8% in July to 17% in August.

 

New buyer enquiries and sales also increased last month - with Scotland being only one of five regions across the UK to see a rise in activity.

 

The monthly report, which was released today by the Royal Institution Of Chartered Surveyors (RICS), contains data from estate agents across the UK.

 

Comments from Ayrshire based surveyors claimed they believe the market is picking up following the traditional holiday period of June and July.

 

So, what does this mean if you're selling your home?

 

There's a lack of stock coming onto the market at the moment, which means there aren't many properties available to buy. However demand is there, and this is one of the main reasons why prices are rising.

 

The average property price in North Ayrshire is £113,069, according to the Registers of Scotland data for the first quarter of the financial year 2016/17 (April to June).

 

The average price in East Ayrshire is £110, 274, and £155, 406 in South Ayrshire.

 

And with the exception of detached properties, all property types showed an increase in sales, with flats showing the biggest increase.

 

So if you're thinking of selling your property, now is the time to do it.

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