Estate Agency
2021 was a record-breaking year for Premier Properties Perth and our best year yet. We listed 304 properties and sold 308, totalling a whopping £75m. April was our busiest month; our team worked flat out to sell 48 properties, including our highest value property at £1.1 million. We listed and sold more than any other agent covering the Perthshire area, putting us firmly in pole position as Perthshire’s market leading estate agent
2021 – Key Stats
- Across the whole of Perthshire, we sold 8.5% more properties than the next best performing agent. Looking specifically at the PH1 and PH2 area, we sold 16% more than the agent in second position.*
- Flats accounted for 32% of sales and 66% of properties sold were houses (detached houses – 21%, semi-detached houses – 16%, bungalows – 15%; terraced houses – 14%).
- 30% of all properties we sold were valued at £250k or above.
- 88% of properties sold for asking price or above.
- On average, we negotiated an additional £11k over asking price for each property.
- 58% or properties sold within 2 weeks.
- 12% of properties achieved prices of £30k or more above asking price.
- * Source: Rightmove
We won the prestigious Five Star Award for “Best Estate Agency Single Office – Scotland” in the UK Property Awards 2021-22
It’s been a hectic year and a half for the property market since the end of the first lockdown. The pandemic caused a huge rise in buyer demand as people assessed their living circumstances and searched for more space to work from home or to enjoy outdoor space, such as a garden or nearby countryside. Restrictions on our ability to spend (including less socialising and holidays) allowed more people to save towards a house purchase and affordable mortgage products and the Land and Buildings Transaction Tax holiday contributed to people’s sustained desire to move. Strong buyer demand coupled with a historically low level of available properties coming to the market put significant upward pressure on prices, with the Scottish market experiencing significant annual property price increases and decreased selling times.
Indeed, Zoopla reported that one in 16 homes changed hands in 2021, the highest rate since 2007. The latest House Price Index available from the Registers of Scotland (October 2021) shows that that the average property price in Perth and Kinross was £229,774, an increase of 14.4% in the year to October 2021.
Lettings
The lettings market was also busy in 2021 with overall rental demand outstripping the supply of rental property. We let 107 homes, more than any other agent covering the Perthshire area*. As we’ve seen throughout the pandemic, the desire for a change of lifestyle and space generated more demand for houses/bungalows outside of Perth in more rural locations and there was strong demand for good quality houses in desirable areas. In terms of flats, demand was highest for higher end/quality properties and modern homes. The lack of supply in the sales market also affected the rental market as some buyers were forced into short-term lets until they found the right property.
Throughout the year our lettings team have attended regular training events hosted by Landlord Accreditation Scotland to refresh and enhance their knowledge of the legislation, safety checks and legal documents relating to the private rented sector in Scotland.
We won the British Property Award – Gold Winner – Letting Agent in Perth & Kinross 2021 – 2022
2022 Outlook
The fundamentals that have underpinned the property market in 2021 are unlikely to change dramatically: lack of supply, huge buyer demand, affordable mortgage products, reduced ability to spend money, an increase in working-from-home and the need for outside space. Also, with house prices rising in 2020 and 2021, existing homeowners will have experienced increased equity in their homes, allowing them to jump up the ladder. Zoopla recently predicted an overall increase of 2.5% in Scottish property prices in 2022. Rightmove forecast a UK-wide increase of 5% in selling prices.
The January market has started strong with sustained buyer and tenant demand and, with an uplift in valuation requests from sellers, we are seeing early signs of a better balanced market in 2022.
Thinking about selling?
With demand so strong, there has never been a better time to get your own property on the market. In this competitive market, it’s important for sellers to put their own home on the market before looking for their next purchase, as this puts them in the best position when a property they like does come to market. There’s no need to wait until spring: demand is steady throughout the year and, with fewer homes to compete against, and more serious buyers during January and February, the rewards can be high both in terms of quicker sales and potentially higher sale prices.
Landlords
Whether you are a buy-to-let investor or you have found yourself in a position where, for whatever reason, you need to rent out a home, it is crucial that you understand the market and your responsibilities as a landlord. With over a decade of experience in the Perthshire lettings market, we can help with investment advice, marketing, pricing, legal obligations, documentation and much more.
Get in Touch
sales@premierpropertiesperth.co.uk
lettings@premierpropertiesperth.co.uk
01738 442255
2021: Premier Properties Perth - Market Leading Estate & Letting Agent in Perthshire
What our clients say about us
Testimonials
Lukasz Pilszak (Aug 2024) – “Fantastic job! Our house looked outstanding after you prepared it for market. You made our sale quick and you recommended a solicitor who did a very good and quick job. The best estate agency in Perth!”Estate Agency Client | 2 Bed Terraced Villa | Corlundy Crescent, Crieff | Sold in 1 Week Over Home Report Value
"Our Friend recommended PPP, also you gave a very good fee.
Fantastic job! Our house looked outstanding after you prepared it for market. Everything was clear for us and professional. Quick sale for us, first offer was very good so we accepted it.
We are very grateful to Premier Properties Perth, you made our sale quick and you recommended a solicitor who did a very good and quick job.
Would recommend! The best estate agency in Perth!"
Sylvia Anderson (Aug 2024) – “After comparing several estate agents I felt comfortable that Premier would ensure a quick sale and would get the best price for my property. I was impressed with the service from start to finish.”Estate Agency Client | 3 Bed Detached Villa | Meadowview Drive, Inchture | Sold in 2 Weeks Over Home Report Value
"After comparing several estate agents I felt comfortable that Premier would ensure a quick sale and would get the best price for my property. I was very happy with all of the elements of the marketing
The customer service was excellent. I found all staff members very helpful. It suited me well that Premier carried out all of the viewings and not only found a buyer quickly, but also secured a good price for me.
I was impressed with the service from start to finish. I would highly recommend. The whole process was easy, and I did not feel under any pressure at all to accept the offer received."
Sam Weir (Aug 2024) – “Felt at ease, everything was taken care of, I was informed at each stage and it simplified the whole process for me. Would recommend highly. PPP are good at what they do and Eleze was fantastic.”Estate Agency Client | 3 Bed Villa | Windyedge Drive, Perth | Sold in 2.5 Weeks Over Home Report Value
"Chose PPP because of good reputation and lovely staff. I thought the way it was marketed was great, the photos and listing really did the property justice. Eleze was great through the whole process, made my life very easy I never had to ask many questions. Everything was very clear and concise.
Very good, no issues at all. Felt at ease, everything was taken care of, I was informed at each stage and it simplified the whole process for me. Would recommend highly. PPP are good at what they do and Eleze was fantastic."
Evelyn Ruthven (Aug 2024) – “As I had never sold a house before I was very anxious about the process however everything went smoothly and I had no need to worry. Very good experience.”Estate Agency Client | 4 Bed Semi-dDatched Villa | Angus Road, Scone | Sold in 2 Weeks Over Home Report Value
"I was very happy with the marketing of my Mum’s house. My mum thought the virtual tour made her house look very grand. I received plenty of emails informing me of buyers visits and comments. Very happy with everything. As I had never sold a house before I was very anxious about the process however everything went smoothly and I had no need to worry.
Would definitely recommend. Everything was taken care of by all the staff and explained to me as the sale progressed. Very good experience."
Caroline & Tony Fellows (July 2024) – “Many thanks to Premier Properties and all their staff for handling our property sale quickly and efficiently. We are very grateful for their dedication and efforts they put into making the sale.”Estate Agency Client | 1 Bed Flat | Crieff Road, Perth
"Recommended to us by a family member. Efficient and Helpful staff. Very satisfied with the marketing and customer service. We were happy with the outcome of our sale and everything involved. No problem recommending P.P. as we were satisfied with the work they put into selling our property. Many thanks to Premier Properties and all their staff for handling our property sale quickly and efficiently. We are very grateful for their dedication and efforts they put into making the sale."
Ian McCully (July 2024) – “Would recommend, excellent staff.”Estate Agency Client | 5 Bed Detached Villa | Coronation Avenue Scone | Sold at Home Report in 2.5 Weeks
"Used Premier Properties Perth for previous sales. Very good marketing and communication. Would recommend, excellent staff."
