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 and an award-winning service, we…
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 ever as our team worked flat out to sell 48 properties, including our highest value property at a £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.
The property market remained buoyant during November. Buyer demand remained high with 16% of sales going to closing dates and buyers willing to pay premium prices for the “perfect” property. 77% of sales achieved full asking price or above, generating an average profit over asking price of £7,292 per client. The lettings market was also busy with strong demand for good quality houses in desirable areas. For those thinking about selling or renting a property in the new year, December is a great time to contact us for expert advice on how to prepare your property for listing at the start of 2022 and get ahead of the competition.
Competition for property for sale remained hot during October and Premier Properties were once again in pole position in terms of the number of sales agreed and new listings in the Perthshire area.
July was another busy month for the PPP team. We sold and listed more properties than any other agent covering the Perthshire area during July, as well as for the year to date. The market continued to move at pace, with properties taking an average of 7 days to sell and the number of sales going to closing dates increased to 38% (up 21% on June). 92% of properties sold at asking price or above and we negotiated an average additional profit per client of £18,319.
Buyer demand is still running well ahead of more “normal” market conditions back in 2019. The number of properties we sold in June 2021 was up 114% on June 2019. With demand strong and pricing high, now is a great time for homeowners to capitalise on these favourable market conditions, especially during these peak summer months when properties look their best and while many buyers will be looking to secure a move in time for the new school term in August. New landlords entering the market with quality properties will also benefit strong tenant demand.
The housing market in May continued to move at pace with sustained buyer demand and constrained supply putting sellers in pole position. The imbalance between demand and supply is also evident in the local rental market with increased tenant demand across the board.
April was a record breaking month for PPP! Not only did we sell the most properties EVER in one month (making us the top selling agent in Perthshire for the year to date*), we also sold our highest value property EVER.
The spring selling season is blooming with activity. Many sales are going to closing dates due to interest from multiple buyers which is having a positive effect on prices and resulting in some properties going under offer in a matter of days.
The short answer is that a property is only worth what the market is willing to pay for it, but in this blog piece we look closer at 7 factors which can influence exactly how much a property is likely to sell for and what can be done to influence the eventual outcome.