Property Market Update – December 2020

Scotland’s move to Tier Four restrictions on Boxing Day should not impact on house moves, under the current government guidelines. Assuming no further changes are announced, moves can continue to take place in the tier 4 protection level, provided they can be carried out safely.

Our immersive 3D virtual tours enable potential purchasers to take a simulated walk-through of our properties for sale and gain digital measurements of any part.  We can carry out virtual valuations and viewings where preferred and, as things stand, can continue to carry out valuations and viewings at properties, whilst following government guidance to keep people safe.

The Land and Buildings Transaction Tax holiday, coupled with the change in lifestyle caused by the coronavirus outbreak, is encouraging people who may have been thinking of selling to take the plunge and get their properties to the market while there remains buyer interest and demand.

As we enter the festive period, we take a moment to reflect on what has been an extraordinary year.

January – November 2020

Looking at the year-to-date figures, we:

  • Launched 225 new properties to the sales market
  • Sold 206 properties with a total value in excess of £38 million (remarkably, 75% of sales occurred in the 6 month period between June and November)
  • Listed 157 properties for rent
  • Agreed 141 tenancies
  • Helped 37 new landlords get their properties to the rental market

Sales Market: June – November 2020

Since the housing market re-opened at the end of June, we have helped a phenomenal number of people move home as unexpected market momentum overcame the unknowns of the pandemic and the property sales sector experienced a mini-boom. 

  • We launched 158 new properties to the market
  • Sold 150 properties
  • Overall, activity was up by around 50% on the same period last year
  • July was the busiest month when we helped vastly more people move home in a single month than ever before  

According to official statistics from Rightmove, we sold more properties than any other agent in the Perth area (PH1 and PH2 postcodes) during this period.

Sales Agreed in Perth Area: 29 Jun - 30 Nov 2020

November 2020 

  • We sold 23 properties (up slightly on Nov 2019).
  • 74% of properties sold at asking price or above.
  • The total value of sales agreed was £3,963,750
  • We negotiated an additional £50,800 for our clients (an average of £2,200 per property).
  • We listed 14 rental properties and agreed tenancies on 11  properties

October 2020

  • We launched 25 new properties to the market (up 14% on last October)
  • Sold 27 properties (50% more than October 2019)
  • The total value of sales agreed was £4,698,495
  • 67% of sales were agreed over asking price (generating an additional £56,070 for our clients).
  • We listed 14 properties for rent and agreed tenancies on 11 properties

The past five months has been the busiest period we have ever experienced at PPP.  Our staff, photographer, contractors and the surveyors and solicitors we work have all went above and beyond to cope with the increased demand and ensure home moves happened as smoothly as possible.  

We welcomed two new members of staff to our estate agency team

Kevin McGillivray and Debbie Bree

Is Now a Good Time to Buy or Sell? 

In spite of the unusual year we have had, UK mortgage approvals hit a 13-year high, partly due to the increased demand caused by the pandemic and the Land and Buildings Transaction Tax holiday.  Good mortgage rates are still available and there is still time to take advantage of the lower threshold for LBBT which has been raised temporarily to £250,000 until 31st March 2021.  The start of the new year is traditionally a busy time for the housing market as buyers and sellers alike use the festive period to plan the year ahead.  Many will view 2021 as a time to focus on reprioritised housing needs and to start afresh.  And, with the potential LBBT savings, we expect market momentum to continue into next year.  

Testimonials
Brian Duncan (October 2021) – “Massive thanks to all your staff with both flats I own and, in particular, the most recent lease which was time sensitive and dealt with promptly and efficiently.  Great service by all the staff at your office, gone over and above anything I could have expected.”Brian Duncan (October 2021) – “Massive thanks to all your staff with both flats I own and, in particular, the most recent lease which was time sensitive and dealt with promptly and efficiently. Great service by all the staff at your office, gone over and above anything I could have expected.”Lettings Client - Dunkeld Road, Perth

"I chose Premier Properties as my letting agent as they dealt with the sale of the flat I purchased and I was very impressed at the professional way this was carried out.

I was very pleased at the marketing process, this resulted in the property being let very quickly.

I have found the team very helpful, knowledgeable and friendly.  I’m new to the process and had a lot of questions which were all answered.

Great service by all the staff at your office, gone over and above anything I could have expected.  Based on the service and help I have received from yourselves, I would recommend your services.

Massive thanks to all your staff with both flats I own and, in particular, the most recent lease which was time sensitive and dealt with promptly and efficiently."

 

Brian Duncan (October 2021) – “Alan and Katie were very friendly and helpful throughout the buying process – good knowledge and communication. I felt very impressed at how this was handled, very happy with the service.”Brian Duncan (October 2021) – “Alan and Katie were very friendly and helpful throughout the buying process – good knowledge and communication. I felt very impressed at how this was handled, very happy with the service.”Estate Agency Client - Buyer | Dunkeld Road, Perth

"Alan and Katie were very friendly and helpful throughout the buying process - good knowledge and communication.  The photos and video tour of the property I purchased were professional and informative.  I was kept up to date with the property sale negotiations by Katie who took time to phone me late on that evening to update me.

I felt very impressed at how this was handled, very happy with the service.

As a buyer, I have found them very professional and helpful at all stages - very friendly staff."

 

Jemma Mackle (October 2021) – “We want to thank you so much for the exceptional service you provided throughout our house sale. And we really mean exceptional. The expert local knowledge and genuine enthusiasm for selling houses really made us feel like we’d placed our sale in the right hands. Premier Properties truly know the market and we will never go anywhere else when we sell future houses.”Jemma Mackle (October 2021) – “We want to thank you so much for the exceptional service you provided throughout our house sale. And we really mean exceptional. The expert local knowledge and genuine enthusiasm for selling houses really made us feel like we’d placed our sale in the right hands. Premier Properties truly know the market and we will never go anywhere else when we sell future houses.”Estate Agency Client - Coronation Avenue, Scone | 4 Bed Detached House | Sold in 5 Days Over Home Report Value

"We want to thank you so much for the exceptional service you provided throughout our house sale. And we really mean exceptional.

From the beginning, we completely felt that Alan and the team had our best interests as sellers at heart and trusted them fully with our house sale. The expert local knowledge and genuine enthusiasm for selling houses really made us feel like we’d placed our sale in the right hands.

Nothing was ever a problem, and the regular contact throughout the process was brilliant. Alan and the team were so easy to get on with and did everything they could to get the best sale for us.

Premier Properties truly know the market and we will never go anywhere else when we sell future houses.

We have already, and will continue, to strongly recommend Premier Properties.

Thanks, Jemma Mackle."

 

Mark Robertson (September 2021) – “Personally, I have worked alongside many global companies and can’t remember a team with this much energy and positive attitudes towards customers.  Personally, I will never use any other estate agent based on the experience I received from PPP. The team at PPP has turned what was a daunting prospect into an enjoyable experience that got a positive result for all parties involved.  100% would recommend, no question.”Mark Robertson (September 2021) – “Personally, I have worked alongside many global companies and can’t remember a team with this much energy and positive attitudes towards customers. Personally, I will never use any other estate agent based on the experience I received from PPP. The team at PPP has turned what was a daunting prospect into an enjoyable experience that got a positive result for all parties involved. 100% would recommend, no question.”Estate Agency Client - Newton Of Pitcairns, Dunning | 3 Bed Detached House | Sold in 2 Days - Substantially Over Survey Value

"Feedback from previous buyers and sellers led me to select Premier Properties.

Premier Properties Perth provided a turnkey service from initial discussion through to completion of selling my property. The team were delightful to deal with and very personable, making what is often described as a stressful situation, an enjoyable experience and I shall be using the team again in the future. Digitally, I was very impressed in the timescales the listing was turned around and placed online which resulted in numerous viewings and offers.

The level of professionalism towards all potential buyers was excellent. The communication levels are to be taken example from and any potential purchaser or seller needs to look no further for their property venture.  Highly professional in the approach with regards to the negotiation of my property. Delighted with the outcome and, more importantly, finding the correct buyer for the property also.

The team is highly professional, positive, and supportive. Personally, I have worked alongside many global companies and can't remember a team with this much energy and positive attitudes towards customers, so I would personally like to highlight how much I respected the team throughout my experience.

Personally, I will never use any other estate agent based on the experience I received from PPP. The team at PPP has turned what was a daunting prospect into an enjoyable experience that got a positive result for all parties involved.

100% would recommend, no question."

 

Louise Simpson (September 2021) – “Office staff were amazing & very pleasant to deal with.  Amazing experience: 10/10.”Louise Simpson (September 2021) – “Office staff were amazing & very pleasant to deal with.  Amazing experience: 10/10.”Estate Agency Client - Trinafour, Perth | 3 Bed Semi-detached House | Sold Over Asking Price

"Office staff were amazing & very pleasant to deal with.  Amazing experience: 10/10.  Would definitely recommend.  We are loving our new home, so thank you so much for making this happen. To all the staff at Premier Properties Perth."

 

Caroline Shedden-Brown (September 2021) – “Always at the end of the phone or emails.  They took the stress out of a difficult situation.”Caroline Shedden-Brown (September 2021) – “Always at the end of the phone or emails. They took the stress out of a difficult situation.”Estate Agency Client - Kinloch Terrace, Perth| 3 Bed Semi-detached House | Sold in 6 Days - Over Survey Value

"They always kept me informed in the difficult role of Power of Attorney, then the sudden death of my Mum.  Excellent coverage, showing the property to the best advantage.  Kept me up to date with the app of viewings and offers.  Always at the end of the phone or emails to communicate any problems and this made the whole process all so easy.  They took the stress out of a difficult situation."

 

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