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
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
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."
