2017 Property Market Review

Posted by HSPC on Tuesday, 16 January 2018

HSPC 2017 Statistics  

December was a very positive month for HSPC with the sales up a substantial 25% on the previous December and market share increasing for the second month running to 45%. The number of properties being inserted for sale with HSPC in December also increased on previous year by 40%;  a positive way to end the year.

2017 was slow for properties being registered for sale, HSPC sustained the largest share of the Highlands property market by a long way, the downturn in volume is reflected across all estate agency in the area, and most of Scotland with a few exceptions. The reasons for the downturn in properties coming on to the market for sale, is most likely a mix of post Brexit reservations amongst other economic & political factors. Although the numbers of properties sold is down on the previous year there was a continual steady demand, with high levels of interest reflected in online unique users numbers, which increased overall for the year by 3%.

Sarah Woodcock, HSPC Manager comments:

“Last year the low volume of registrations meant it was hard to satisfy levels of interest, this in turn meant time to sell shortened as buyers had less choice. HSPC’s market share continued to be the highest in Highlands through 2017. The market remains a sellers market with buyers often taking longer to find their ideal property and acting quickly to offer when they do; due to decreased numbers selling.  Whither this picture of low insertions and stable, relatively quick sales will continue is hard to say, hopefully confidence will start to return with more people wanting to sell, and meeting the demand of potential buyers. It’s very positive for HSPC that during a slower year we continue to lead the market and solicitor firms remain at the front of Highland Estate agency providing excellent, affordable expertise and care for their clients property sales”


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