Perthshire Property Market Update

Sales Market

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 and the number of new instructions up 61%. The number of properties we sold during Jan-Jun 2021 was up by 38% on the same period 2019.

Since the market re-opened in Scotland last June, we have seen a huge increase in the number of people looking to move. Record low interest rates and the Land and Buildings Transaction Tax relief have helped many people to afford higher prices, satisfying pent-up demand for a change of lifestyle/location. We are regulalry receiving interest from several buyers per property, resulting in more closing dates, multiple offers and higher prices. There is also a notable increase in the number of cash-rich relocators from more expensive areas.

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 from strong tenant demand.

Rental Market

Overall, rental demand remains higher than the supply of rental property although, with the lifting of restrictions, we are seeing more movement with re-lets. As we’ve seen throughout the pandemic, the desire for a change of lifestyle and space is generating more demand for houses/bungalows outside of Perth in more rural locations. In terms of flats, demand is highest for higher end/quality properties and modern homes. The lack of supply in the sales market is also affecting the rental market as some buyers are forced into short-term lets until they find the right property.

January – June 2021: Top Selling Agent in the PH1 and PH2 Areas

According to official statistics from Rightmove, we sold more properties in the PH1 and PH2 areas than any other agent during the first half of the year.

June 2021 – Key Stats

We sold 30 properties in June.
We sold & listed more properties in the PH1, PH2 areas than any other agent covering Perthshire.*
We listed 10 properties for rent and agreed 9 tenancies (more than any other letting agent covering Perthshire*)
Sales comprised of 10 houses, 5 bungalows and 15 flats in locations such as Alyth, Auchterarder, Errol, Glenfarg, Newburgh, Pitcairngreen, Stanley and Perth itself.
90% of properties sold for full asking price or above, generating a total £5,748,234
17% of sales went to a closing date.
We negotiated an additional £72,405 for our clients (an average of £2,413 above home report for each property).
* Source: Rightmove

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What our clients say about us

Testimonials

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."

William Walker (July 2024) – “Following meetings with a few estate agents, we chose Premier. The representatives we met were professional and friendly. The property sale was dealt with in a friendly, professional manner, with good communication and helpful staff.”Estate Agency Client | 2 Bed Flat | Rosslyn Court, Rosslyn Avenue, Perth|

"Following meetings with a few estate agents, we chose Premier. The representatives we met were professional and friendly.

Everything was handled well. The photographs and video were excellent, and it was good that we could amend the wording relating to the property to what we thought fitted best. Any instructions we gave regarding the marketing/pricing of the property were followed through and appropriate advice and recommendations provided.

Overall, I was very happy with the whole process. Would recommend. The property sale was dealt with in a friendly, professional manner, with good communication and helpful staff."

Jim Grieve (June 2024) – “Sold within a couple of days so our relationship was short and sweet! Felt engaged with and staff were professional and efficient.”Estate Agency Client | 2 Bed Detached Bungalow | Knockard Place Pitlochry | Sold in 3 Days Over Home Report Value

"You were recommended by friends in Pitlochry and your price was competitive particularly when we said we didn’t need your viewing assistance service.

The property was well represented and marketed. Excellent service from staff. All very good. Sold within a couple of days so our relationship was short and sweet!

Felt engaged with and staff were professional and efficient. Good service at a competitive price."

Lisa Dillon (June 2024) – “Great professional service. The whole experience made me feel secure.”Estate Agency Client | 2 Bed Mid-Terraced House | Victoria Street Perth | Sold in 12 Days Over Home Report Value

"Simple process ... great services. The marketing made our property look fantastic.

Great professional service. Perfect negotiation.

The whole experience made me feel secure. Would recommend ...easy process."

Pam O’Brien (May 2024) – “Great to deal with, nice people and on the ball.”Estate Agency Client | 4 Bed Detached Villa |1 Thriepland Wynd Perth | Sold in 9 Days Over Home Report Value

"Great to deal with, nice people and on the ball. We had an ex-rental property to sell, and had to decide whether to 'love it' or 'list it' in it's current condition. Katie & Alan were great and understood our situation, we decided to try the property on the market and discussed a fair price for the 'list it' option. All went well and the property sold quickly. Can't thank them enough for their advice and support. Would definitely recommend this company and would use them again."