Estate Agency

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; our team worked flat out to sell 48 properties, including our highest value property at £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

2021 – Key Stats

  • Across the whole of Perthshire, we sold 8.5% more properties than the next best performing agent.  Looking specifically at the PH1 and PH2 area, we sold 16% more than the agent in second position.*
  • Flats accounted for 32% of sales and 66% of properties sold were houses (detached houses – 21%, semi-detached houses – 16%, bungalows – 15%; terraced houses – 14%).
  • 30% of all properties we sold were valued at £250k or above.    
  • 88% of properties sold for asking price or above. 
  • On average, we negotiated an additional £11k over asking price for each property.
  • 58% or properties sold within 2 weeks.
  • 12% of properties achieved prices of £30k or more above asking price.
  • * Source: Rightmove

We won the prestigious Five Star Award for “Best Estate Agency Single Office – Scotland” in the UK Property Awards 2021-22

It’s been a hectic year and a half for the property market since the end of the first lockdown.  The pandemic caused a huge rise in buyer demand as people assessed their living circumstances and searched for more space to work from home or to enjoy outdoor space, such as a garden or nearby countryside.  Restrictions on our ability to spend (including less socialising and holidays) allowed more people to save towards a house purchase and affordable mortgage products and the Land and Buildings Transaction Tax holiday contributed to people’s sustained desire to move.  Strong buyer demand coupled with a historically low level of available properties coming to the market put significant upward pressure on prices, with the Scottish market experiencing significant annual property price increases and decreased selling times.

Indeed, Zoopla reported that one in 16 homes changed hands in 2021, the highest rate since 2007.  The latest House Price Index available from the Registers of Scotland (October 2021) shows that that the average property price in Perth and Kinross was £229,774, an increase of 14.4% in the year to October 2021.

Lettings

The lettings market was also busy in 2021 with overall rental demand outstripping the supply of rental property.  We let 107 homes, more than any other agent covering the Perthshire area*.  As we’ve seen throughout the pandemic, the desire for a change of lifestyle and space generated more demand for houses/bungalows outside of Perth in more rural locations and there was strong demand for good quality houses in desirable areas.  In terms of flats, demand was highest for higher end/quality properties and modern homes.  The lack of supply in the sales market also affected the rental market as some buyers were forced into short-term lets until they found the right property. 

Throughout the year our lettings team have attended regular training events hosted by Landlord Accreditation Scotland to refresh and enhance their knowledge of the legislation, safety checks and legal documents relating to the private rented sector in Scotland.

We won the British Property Award – Gold Winner – Letting Agent in Perth & Kinross 2021 – 2022

2022 Outlook

The fundamentals that have underpinned the property market in 2021 are unlikely to change dramatically: lack of supply, huge buyer demand, affordable mortgage products, reduced ability to spend money, an increase in working-from-home and the need for outside space.  Also, with house prices rising in 2020 and 2021, existing homeowners will have experienced increased equity in their homes, allowing them to jump up the ladder.  Zoopla recently predicted an overall increase of 2.5% in Scottish property prices in 2022. Rightmove forecast a UK-wide increase of 5% in selling prices.

The January market has started strong with sustained buyer and tenant demand and, with an uplift in valuation requests from sellers, we are seeing early signs of a better balanced market in 2022. 

Thinking about selling?

With demand so strong, there has never been a better time to get your own property on the market.  In this competitive market, it’s important for sellers to put their own home on the market before looking for their next purchase, as this puts them in the best position when a property they like does come to market.  There’s no need to wait until spring: demand is steady throughout the year and, with fewer homes to compete against, and more serious buyers during January and February, the rewards can be high both in terms of quicker sales and potentially higher sale prices. 

Landlords

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, we can help with investment advice, marketing, pricing, legal obligations, documentation and much more.

Get in Touch

sales@premierpropertiesperth.co.uk

lettings@premierpropertiesperth.co.uk

01738 442255 

2021: Premier Properties Perth - Market Leading Estate & Letting Agent in Perthshire

Property Sales Agreed in Perthshire 2021 (1)
Properties Instructed for Sale in Perthshire 2021
Lets Agreed in Perthshire 2021
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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.”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.”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.”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.”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.”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.”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."

 

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