TSPC October Market Update
October proved another active month in the Tayside property market, with strong demand driving increases in both sales and properties going under offer.
Property Market Overview
Although October is usually quieter as winter approaches, this year saw notably high activity, likely driven by buyers looking to complete moves before the festive season. A total of 165 exclusive new listings were added to tspc.co.uk, offering a diverse mix of property types across the region.
Demand remained robust, with 196 properties going under offer and 192 sales completed, a 15% year-on-year increase, reflecting growing buyer interest and seller confidence. Notable increases in new listings were recorded in Birkhill, Kirriemuir, and Monifieth.
Offer Activity
October was particularly busy for properties going under offer, with 196 transactions completed, representing a 7% increase year-on-year. Brechin led the way with a notable 54% rise year on year. Other notable rises in offer activity included:
- Dundee including Invergowrie – 27% YoY
- Forfar and surrounding areas – 40% YoY
The combined asking price value of properties going under offer exceeded £33 million, further highlighting strong demand across Tayside.
Areas Selling Above Home Report Value
Seller confidence continued to grow, with a significant number of homes across Tayside selling above their Home Report valuation:
- Arbroath – 55%
- Forfar and surrounding areas – 52%
At TSPC, we’re proud to be the number one local destination for buying and selling property across Tayside. With exclusive data collected from our 26 member solicitor estate agents, we provide the most accurate and up-to-date insights into the local property market. Whether you’re a buyer or a seller, tspc.co.uk is your trusted, local source for everything property-related.
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