Perth Housing Market Hits The Headlines
Tuesday, September 13th, 2011
The Courier and Advertiser houses PR Scotland for Bell Ingram
Perthshire house prices are to remain stable according to property experts at the Perth based firm, due to a surplus of homes being put up for sale and a stagnation in the market.
Whilst there are many new houses coming onto the market and a rise in the number of property viewings, the actual level of sales is likely to remain relatively stable due to restrictive lending for new buyers.
Archie-Leslie-Melville from Bell Ingram, quotes in the article: “We’ve been very busy in Perthshire and Fife recently, with healthy numbers of appraisals and more properties coming onto the market.
“However it is becoming increasingly difficult to sell residential property in the region, because many viewers are either reliant on selling their own home first or having difficulty securing a loan.
“Because of these conditions, I don’t forsee house prices going up or down a great deal over the next 12 months. We’re definitely entering a period of market stagnation, with overall values down 25% on their peak levels from 2008, but the positive news is that prices are currently remaining stable and there is a wide choice of properties on the market.”