average volumes for house sales in perth and Kinross since 2003

The attached graph shows just how depressed the volume of sales continues to be with the level of sales being less than half the long term average for sales volumes. I used the source of all sales information the Registers of Scotland and picked out the localised data for Perth and Kinross I then calculated the average and created the chart you see.

It is our opinion that the market will not recover until there is considerable more houses on the market for sale. Only then can a postive upward spiral in volumes be created.

On price the average would appear to be going upward  slightly but we think this hides the fact that first time buyers sales are still very low and this is distorting the average upward. On each individual sale the lack of demand means that there is little or no upward  pressure on price.

Home Reports here to stay!

Are you as surprised as I how little there has been about the future of Home Reports. Yes I know that only the energy performance certificate was the same the English HIP  and perhaps more importantly the heavy reporting of its demise south of the border left some of our customers convinced that the Home report too was on the way out.

As for Customhouseproperty we are hapy with the Home report framework and the transparency that it brings to house values.

Our site dissapperared, and was replaced for a few hours by some rogue site advertising estate agency in america. Sorry if you preferred the photo of the young lady with the rucksack to our usual photos!

We are currently seeking answers as to why this happened

Rightmove of which we are members revealed consumer confidence has done U-turn
The latest Rightmove Consumer Confidence Survey has revealed that 54% of people now expect average house prices to be higher in 12 months time, a significant sentiment turnaround from Q1 when 69% expected prices to be lower.

That sounds like good news especially when added to news about the freeze in mortgage availability beginning. For example Cheltenham & Gloucester, part of the mammoth Lloyds Banking Group, has cut the cost of a range of mortgage deals and introduced a ‘best buy’ product, while Abbey has also launched a market-leading deal.
But our concern is that supply is likely to be the issue as the year ends. We have had a spate of sales that has left the cupboard somewhat bear and there is clear evidence form around us that the better Estate Agents are much the same. So if you are contemplating moving then now could be the time to move.

Those wishing to sign up to sell between now and Christmas can do so with no up front marketing fee. The £1,350 total fee will be collected when the sale completes. If the buyer withdraws the house from the market for any reason within 6 months a fee of £200.00 will be apply. Offer conditional on using our chosen supplier for any surveys and conveyancing.

Rightmove- where people look for houses and good estate agents place their houses report that the apparent improvement in prices achieved comes amid a very thin market. Transactions remain 54% below 2007 levels, with the lack of supply driven by homeowners unwilling to move due to the economic backdrop.

Recent sellers in Burnbank Meadows have just departed to their new home in England and we wish them well before they went they said the following

“We have bought and sold many houses in our time and we can recommend without hesitation  David and Mike at Customhouseproperty.com as your estate agents.

They delivered on their promises, they were attaentive and interested. The were keen to sell our house.

The pictures and brochure were excellent, they generated interest, and had the skills to steer the sale to successful conclusion.”

All I can add is thanks guys we appreciate the kind words, but don’t take their word for it look at what the neighbours think- Two more houses on the market with three offers between them, and another two talking to us about their forthcoming sale needs.

Attention Landlords By Mike Lithgow In the past few years there have been massive changes in the law relating to landlords. We have found that leases in common use are out of date, that not all landlords are registered with the Council, and repair and maintenance obligations are not being fulfilled. If the paperwork is wrong then you may be denied the right to collect rent, be liable for damages or have little recourse to the courts to get your property back if something goes wrong. Having long experience in the rented sector, we understand the financial and regulatory pressures on landlords particularly in present market conditions.  Our service has therefore been designed to provide landlords Value for Money. While doing this we will make sure that you are fulfilling all your responsibilities. Call us on  07921 221 266 to chat about how we can help.