November, 2014
New figures released by Registers of Scotland have shown a resurgent Scottish residential property market with particularly strong figures for Moray. Over the past year the county witnessed an increase in both house prices and volume of sales. The average price of a Moray property increased substantially from £140,650 to £153,560, a jump of 9.2% whilst the value of property sales has risen from £58.6million to £76.4 million since September 2013. These figures were only surpassed in Scotland by two other counties, Renfrewshire and East Dunbartonshire. This news is particularly pertinent given the precarious state the county found itself on the back of the well documented uncertainty surrounding the two major military bases in the area combined with the global recession. The moray market is certainly proving to be robust and the reasons behind the figures have been attributed to a combination of greater mortgage availability for first time buyers, an increase in buy to let investor activity and a general confidence in the property market. We have witnessed first-hand at CCL Property the upturn in property activity with enquiries from buyers and sellers increasing throughout the last year and on average this has allowed us to secure a number of consistent residential sales at both within a three month period and at Home Report value.
