4 days ago
Dumfries and Galloway property market seeing increased activity and improved buyer confidence
The residential team at property consultants Galbraith handled 14 per cent more sales in the first three months of 2025 than the same quarter last year.
A property consultancy claims there is improved buyer confidence and increased market activity in Dumfries and Galloway.
The residential team at Galbraith handled 14 per cent more sales in the first three months of 2025 than the same quarter last year.
Staff carried out 241 property viewings and 43 market appraisals, with transaction values ranging between £200,000 and £765,000.
And the average percentage prices achieved were 3.5 per cent over the asking price.
Partner and head of sales for Galbraith based in the Castle Douglas office, David Corrie, said: 'We have witnessed buyer confidence improving in the market due to falling interest rates and therefore mortgage rates coming down, allowing people to reengage and make a move.
'Spring time is a naturally active time of the year, spurred on by the favourable weather encouraging sellers to get their property ready for the summer market.
'There is an active second home market in Dumfries and Galloway and the increased Additional Dwelling Supplement (ADS), now up to eight per cent, is starting to have a ripple affect across the whole market.
'People are reassessing a second home purchase, particularly in the higher end of the market when increased levels of Land and Buildings Transaction Tax (LBTT) are also being paid, and consequently prices are being restricted.
'However, prices remain stable in the £200,000 to £400,000 market where properties with interesting features, a small portion of land or usable outbuildings remain in high demand.
'As such, there has been a number of successful sales completed at competitive closing dates where sensible pricing has been key.
'Buyers continue to be attracted to the area from the south as well as other parts of Scotland due to its accessibility from the central belt, the size and value for money and the semi-rural lifestyle on offer with stunning coastline and beautiful forest parks.'
