Perth feels like a city on the up this autumn, with a confidence that’s reflected in the property market.
The opening of the Perth Museum and Stone of Scone Experience this spring, which attracted over 100,000 visitors in its first one hundred days, has fuelled optimism, boosting footfall in the city centre. So too did the summer’s Perth Festival of the Arts, and there’s a buzz in the air about the opening of the new Tay Bridge next year, which will ease the commute for many who live and work in the city.
Property market impacts
All those developments are good news for both buyers and sellers in Perth, contributing to a tradeable marketplace, with a good rotation of properties. Properties of all types are selling relatively quickly but without the runaway boom that followed the Covid-19 pandemic .
The positivity in the market applies to all type of homes, from first-time buyer properties to detached houses, both traditional and modern. Perth’s usual property hotspots, such as Craigie, Scone, Kinnoull and Oakbank, continue to attract keen interest but the demand is certainly not limited to those areas.
Finally, if you’re thinking of selling a property in or around Perth, it’s useful to bear in mind that buyers seem most enthusiastic about properties in move-in condition. People’s busy lives and the increased cost of trades and materials seem to have dampened the appetite for property ‘projects,’ and as a result, homes of any size and in any area will benefit from being in their best possible state.