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Mackinnons welcome the re-opening of the housing market

As lockdown restrictions finally are eased, we are delighted to see the re-opening of the Scottish housing market.

Our property branch offices in Cults and Aboyne will re-open on 1st July 2020 and all the indications are that we should expect a busy summer and autumn.

We must, however, remain cautious.  The health, care and well-being of our staff, and our clients, is paramount and each of our offices is now equipped to operate in as safe a manner as possible.  Of necessity social distancing will remain with us for quite some time to come and this will mean some changes to the way in which we operate.

Our property staff conducting viewings and appraisals will do so within government rules and guidance documents have been drawn up for issue to all staff and to our selling clients.

It is our hope that an early surge in activity, after months of pent-up delay, can be sustained.  We will be monitoring the situation as it develops with interest and advising our clients accordingly. 

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Residential Property Quarterly Reflections and Insights

The latest quarterly report from the ASPC gives a reassuring picture of local market activity, with the house price index remaining, mostly, in the positive. The change in quarterly price is +1.5%, while the annual change is -0.5%. Taken over five years, the index is marginally positive at +0.4%. While the figures are reassuring, it may well be that our local market is yet to feel the strain of the general economic background and only time will tell whether this will be reflected in the remainder of 2023. Buyers’ wariness over the short term may well affect property sales as they effectively “sit tight” to see what happens with interest rates. This may result in a sluggish Autumn/Winter market as moving plans are put on hold, but for the moment, there is still healthy demand for properties in desirable locations and in good condition. 

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