News

Inflation is now officially zero as predicted and will no doubt drop even lower into the minus. This coupled with a strong pound makes a back drop for long term low inflation, which in turn means long term low interest rates. All good news for the home buyer you would think.  And yet home sales fell across the UK by 8% Feb 14 to Feb 15. And house prices fell 0.2% between December and January. Quite a mixed bag when we consider the mad flurry we had here in Perthshire at the start of the year. The Perth area does seem to have tailed off, yet Dundee is still going strong.
House sales traditionally fall leading up to a General Election and May is not far away. I would have thought with the low inflation, it would not matter to the householder who gets in, interest rates are stuck at a low point for years to come, and no change in Government can change that.
Although the market has slowed and fewer properties are coming on the market we are still selling.
One in Dundee and one in Kelty sold in less than 10 days. We have also sold a property in Dollar for over £2,000,000. So the money is out there, but buyers are looking at many more properties than usual before buying. They are also giving preference to homes that they can walk in with nothing to do. It seems the days of buying and putting your own stamp on it are gone. Modern families with both parents working just don’t have the time or inclination to “do a place up”, they just want to move in and put the kettle on!
We are still in need of more property, so please let us know if any of your family or friends are thinking of selling.