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.