Demand for property in a rural Scots region continues to thrive according to a property consultancy.
Property consultancy Galbraith has reported an increase in property sales in Dumfries and Galloway.
The property consultancy reported that sales increased by 16% this year compared to 2020. With the average number of property viewings increasing by 82% to 17 viewings per property.
The increased competition between prospective buyers has resulted in high premiums being paid for the rural properties.
The firm reported that one sale achieved 49% above the original asking price with the quickest property sale within ten days of it being put on the market.
David Corrie, partner and head of the agency team in Castle Douglas, said: “Our end of year figures demonstrate an unwavering desire for rural property and interest in Dumfries & Galloway.
“We have continued to witness high demand for all types of property this year, be it large farmhouses and rural properties with land, to coastal locations and smaller town properties, and across all price brackets.
“A wide variety of buyers are attracted to the area including families seeking a lifestyle change to retirees looking for a slower pace of life and even young professionals who can work from home and now don’t have a long commute to the office.
“Many are looking for open space, a rural outlook and perhaps some land or buildings to pursue a wide range of pastimes and hobbies.”
This year, 82.5% of property purchasers were from out with Dumfries and Galloway.
Corrie continued, “Buyers have been coming from south of the Border as well as those moving down from the Highlands and the central belt with property prices in Dumfries & Galloway having been historically suppressed and the area being beautifully rural yet highly accessible.”
Galbraith predicts another extremely active year for the rural property market in 2022.
