Market Reviews

Bruce Patterson reports on the market during the last quarter.
Click on a branch link below to access the quarterly market review for your area.

Market Review

Bruce Patterson

Ayr: 01292 880 888

Fourth Quarter Report 2017

The final Quarter of 2017 saw a continuation of the low supply and high demand in the marketplace that has been a consistent characteristic of the local property market this year. The marginal increase in interest rates has had no negative impact on the property market in Ayrshire and the continued expertise and professionalism of our excellent staff has produced the very best results for our clients.

Our record sales in September were a sign of things to come, with excellent sales recorded in October and November. While activity naturally slows down in the run-up to Christmas, December has also been relatively buoyant, with sales across different price ranges and areas. The Prestwick market continues to outperform the rest of the local market, with closing dates and high levels of interest being the norm. However, the lack of stock in the marketplace has increased demand and sales activity across South Ayrshire.

Heading into 2018 we expect to see the normal immediate shift into a very busy January, with no significant changes to market conditions affecting sales prospects into February, March and the rest of the year. Brexit negotiations linger in the background, but have so far not impacted on the Ayrshire marketplace and we don’t expect this to change in 2018. Next year could be the best seller’s market in years and if you are thinking of moving home, contact our office to get the very best advice in order to achieve the very best price for your property.

Corum Ayr office
14 Beresford Terrace
Ayr, KA7 2EG

Tel: 01292 880888