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Signs of spring 2017 property market forging ahead

February 2017 has seen the supply of prospective rural properties to the market suddenly switch on.

However, there remains a significant in-balance between the numbers of good houses in rural and semi-rural locations coming to the market, compared to the number of prospective buyers, says Duncan Scobie of Balfours. He says: “The number of registered cash buyers and those in rented accommodation currently house hunting and able to proceed outweighs rural properties on the market.

“We are starting to see home buyers and vendors with an appetite to both view properties and to have their properties valued; their objective is to launch to the market as soon as possible. Since the calendar turned from January to February it has been as if a tap has been switched on,” he adds.

He observes a big difference compared to the town property market where the phones began ringing from the beginning of January. “This month the floodgates have opened with the diary full of valuations for rural and semi-rural properties, which is very positive. “

As a result of this certain properties on Balfours books are now receiving multiple offers on them. “There is a trend that buyers want to buy a property ready to move into and that they are draft free and well-presented which perhaps was not the case a few years ago.  Those buyers, who do want a project, are in a mind-set that the price must reflect work to be done – and certainly this is more of a buyers’ market.”

He concludes: “Prospective vendors are pleasantly surprised; the supply and demand of good rural and semi-rural properties is promising a very favourable early spring market.”

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