Figures just released by the Highland Solicitors Property Centre (HSPC) show that the property market in the Highlands and Islands is continuing to build on the positive results achieved in the first half of 2014.
The latest analysis from the HSPC, show that property sales in the year to July are up by more than 7% on last year’s equivalent figures. The total value of sales to date is more than 10% higher than 2013. Both figures are the best since the market downturn in 2008.
Commenting on market, Sarah Woodcock, Manager of HSPC, said:
“The property market in the Highlands and Islands is still performing well in 2014. It is good to see the market continuing to recover and recording the best year to date figures since the downturn in 2008.
“The number of properties coming onto the market has also increased by 10% compared with this time in 2013. This means that the choice of properties for potential buyers has not suffered, with the number of properties for sale on the HSPC register hovering around 900.
“Buyers have a good choice of properties and sales are moving fairly well and in less time than for the past five years. We have also seen prices creep up slightly with the average house price around 2% ahead of this time last year.
“We are also seeing a lot of activity at HSPC, which demonstrates that our innovations and new ideas are working well. In particular the introduction of evening events has been well received. Our recent event focusing on tax advice for landlords was a total sell out.”
Catherine Cowan from Johnston Carmichael, who gave the tax advice presentation, commented:
“I thoroughly enjoyed presenting the property letting and tax Issues event at the HSPC in August. It was great to see so many current and potential landlords interested in tax!
“There was a real buzz about the place and everyone seemed to get something out of it – whether an answer to a burning tax question or simply a glass of wine, a few nibbles and some friendly chat. Well done to HSPC for hosting such a successful evening.”
HSPC, the leaders in Highland properties sales for more than 30 years, represents solicitor estate agency firms throughout the Highlands and Islands of Scotland.