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Stable year for house sales in Perthshire

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The Perthshire property market has enjoyed a year of stability, annual statistics from the sector have revealed.

Figures from the Perthshire Solicitors Property Centre (PSPC) show that 2014 was a strong and steady year, with the market almost identical to 2013.

So similar were the two years that PSPC member firms sold just a handful more properties in 2014.

In all, 995 homes changed hands last year, with a total sales value of just over £164 million.

That compared to sales of just over £160m the previous year.

PSPC manager Anne Begg expressed optimism about the prospects for the housing market in 2015.

She said: “In some sectors stability might sound a little uneventful but, when it comes to property, it’s just what we wanted.

“Major peaks and troughs are unsustainable but an ongoing, stable picture points to a certain degree of safety and reliability, which is just what you need if you are selling up this year.”

The second half of the year was better than the first, with November being the top sales month of 2014, with 122 properties changing hands, generating revenue of more than £20m.

Member firms sold 20 more properties in December than in the same month in 2013, providing a healthy end to the year.

While sales were on the rise overall, people were also generally achieving a little more for their homes.

The average property sold for just over £165,000, compared to just over £163,000 in 2013.

The average sale price for flats in 2014 was £103,762, while a typical villa reached just over £257,000.

Bungalows sold for an average of just over £198,000 and the average cottage went for just over £153,000.

Mrs Begg continued: “As always, we would urge people to be realistic if they are putting their home up for sale this year.

“If you are realistic about the price you are likely to achieve and view the home report valuation as a guide, your house will sell.

“With this ongoing stability in the market, we are confident that 2015 will be another great year for PSPC and more importantly for the people hoping to buy and sell.”