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
Rod Robb (April 2021) – “Worth its weight in gold at a stressful time.  Would recommend – confident they will pull out all the stops.”Rod Robb (April 2021) – “Worth its weight in gold at a stressful time. Would recommend – confident they will pull out all the stops.”Estate Agency Client - Riverside Park, Blairgowrie | 2 Bed Flat | Sold Over Asking Price

"A relative recommended the company.  Highly professional in all respects.  You acted as excellent intermediaries and negotiators.  Worth its weight in gold at a stressful time.  Gave good advice about likely selling price and stuck to that.  5 star at all times.  Would recommend - confident they will pull out all the stops."

Louise Netherington (April 2021) – “I felt very calm as I knew PPP were in control.  Would recommend, great team.”Louise Netherington (April 2021) – “I felt very calm as I knew PPP were in control.  Would recommend, great team.”Estate Agency Client - Nelson Street, Perth | 2 Bed Flat | Sold Over Asking Price

"I chose PPP to sell my property as I know Alan.  The marketing was really good quality. The way in which they dealt with potential buyers was very efficient.  Excellent customer service.  Negotiation was very good.  I felt very calm as I knew PPP were in control.  Would recommend, great team."

 

David McCleary (April 2021) – “Would recommend – very professional.”David McCleary (April 2021) – “Would recommend – very professional.”Estate Agency Client - Weavers Well Crescent, Perth | 3 Bed Detached Villa | Sold Over Asking Price

"I decided to sell with Premier Properties due to previous good service.  Excellent service.  Would recommend - very professional."

Alan McLaren (March 2021) – “Matterport Tour was really impressive.  Property sold quickly.  Great Service, experts on the local market.  Would recommend – delivered what they said they would.”Alan McLaren (March 2021) – “Matterport Tour was really impressive.  Property sold quickly.  Great Service, experts on the local market.  Would recommend – delivered what they said they would.”Estate Agency Client - Friarton Road, Perth | 2 Bed Flat | Sold in 2 Weeks, Over Asking Price

"I decided to sell with PPP as I knew Alan Previously.  The pictures were fantastic, Matterport Tour was really impressive.  Property sold quickly.  Great Service, experts on the local market.  Very happy with the negotiation of the sale - from a salesman such as Alan I wouldn't have expected any less 🙂

Would recommend - delivered what they said they would.  Communication from all members of the team I had contact with, was clear and concise."

 

Colin McIntyre (March 2021) – “Would recommend to others. Quick to react and good quality marketing.”Colin McIntyre (March 2021) – “Would recommend to others. Quick to react and good quality marketing.”Estate Agency Client - Armadale Crescent, Balbeggie | 3 Bed Detached Bungalow | Sold in 5 Days, Over Asking Price

"PPP was recommended to me.  Marketing was excellent and timely.  They dealt with potential buyers in a professional and efficient manner.  Plenty of communication and an online portal to view at our own convenience.  Would recommend to others. Quick to react and good quality marketing."

 

Kirsty Mackay (February 2021) – “1000% I would recommend PPP to anyone who is looking to sell their home.  Couldn’t ask for better customer service. From start to finish I knew I could put our trust in the team to deliver excellent service and that’s exactly what we got.  We couldn’t be happier with everything the team did for us.”Kirsty Mackay (February 2021) – “1000% I would recommend PPP to anyone who is looking to sell their home. Couldn’t ask for better customer service. From start to finish I knew I could put our trust in the team to deliver excellent service and that’s exactly what we got.  We couldn’t be happier with everything the team did for us.”Estate Agency Client - Kinmond Drive, Perth | Sold Over Asking Price

"I chose PPP as we had bought the house originally from them when I was a first-time buyer and couldn’t fault the service I was given at all; very helpful.

This time around, as a seller, I am so glad that I went to PPP to sell our house as Alan and all the team were very professional and the communication was great.  They kept me informed along the whole journey which is great as communication is a big point for me and they didn’t disappoint one bit!  The service I got told I was going to receive I got and I couldn’t recommend PPP enough to anyone looking to sell their home!

No bad words to say about any of the marketing, photos we were happy with and we loved the virtual tour.  Couldn’t ask for better customer service. I was well informed through the whole process from start to finish. All staff were great and put my mind at ease when needed.

Alan was amazing with our viewers answering any questions with confidence and professionalism.  Negotiation of our sale went really well, we had a price in mind and Alan managed to get that so I couldn’t be happier.  From start to finish I knew I could put our trust in the team to deliver excellent service and that’s exactly what we got.  We couldn’t be happier with everything the team did for us.

1000% I would recommend PPP to anyone who is looking to sell their home. From what I got told at the valuation right at the start and what we could expect from them, the team delivered to an excellent standard.  From the customer service, staff booking in viewings and giving us feedback, to Alan’s professional and high knowledge at viewings and the communication throughout the whole process, I can’t thank the team enough for all your hard work!"

 

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