A SELECT group of cherised househunters has emerged as the prized individuals to help kickstart Scotland’s challenging property market.
Groups of ‘stand-alone purchasers’ – who have adequate funds to buy a property, but do not have another home of their own to sell – have being highlighted as the key to re-invigorating activity, according to one of Scotland’s leading estate agents.
Scott Brown, estate agency partner with Warners, believes that stand-alone purchasers are in the ideal position to take advantage of the favourable buying conditions currently being experienced across Scotland, which in turn could help spur transactions further up the property ladder.
“Although property markets are remaining steady and house prices continuing to rise in some areas across Scotland, the effects of the credit crunch and a lack of confidence has seen buyer activity drop significantly.
“But, as there is less competition for properties and sellers are more willing to negotiate over price, the conditions have created an ideal time for stand-alone purchasers to strike.”
He added: “While all clients in this tough market are valued, stand-alone purchasers are one of the major triggers that can help increase sales and lead the market to recovery.
“These days it’s taking longer to sell properties, as demand has dropped and partly because sellers are not being realistic about the prices they want to achieve. Added to that, many people won’t even think about making an offer for a property unless they have either sold, or are in the process of selling, their current homes.”
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