Two Scots towns saw new house buyer demand soar by more than double in the past year, a new study has found.
Buyer inquiries for homes in Prestwick, Ayrshire increased by 116 per cent in January when compared with last year. The averaging asking price for homes also increased by 1.3 per cent.
Inquiries for properties in Dumbarton increased by a similar amount of 114 per cent in the last 12 months. It also emerged that the average asking price for homes in the West Dunbartonshire town increased by 1.7 per cent in the same time.
It is believed that the surge in people searching for homes in the Scots towns is the result of people “requiring more space” to work from home amid the Covid pandemic.
Richard Thomson, managing director at Stonefield Estate Agents in Ayrshire, said: “Unprecedented demand for property in Prestwick is continuing to spur high house price growth with the vast proportion selling well above their home report valuations.
“Since the pandemic there has been a notable shift from buyers requiring more space – both inside and out for the family, and to work from home, meaning that proximity to ‘head office’ is now not the deciding factor for all buyers when choosing a property, rather quality of life has become the number one priority for most house hunters.
“This is where Prestwick has won hands down offering some great schools, a fine selection of restaurants and bars not to mention some world class golf courses and a wonderful beach.
“Transport links are also excellent including an International Airport, railway station with easy commuting to Glasgow by train or car.”
The data, released by property website Rightmove, put both Scots towns in the top 10 buyer demand hotspots for this January.
Corsham topped the list after new buyer demand in the Wiltshire town increased by 124 per cent in the last year.
Asking prices in the top 10 hotspots rose by an average of 7.9 per cent annually in line with the national average of 7.6 per cent in January.
Tim Bannister, Rightmove’s director of property data, said: “The variety of locations in this month’s buyer demand hotspots really mirrors what we’re seeing at a regional and national level, which is high buyer demand in all areas of Great Britain at the start of the year.
“While the hotspots suggest a home by the coast is still high on many buyers’ priorities, the demand in urban areas like Leicester City Centre, or areas in commuting distance from the center of cities like Liverpool and Manchester, suggests others are prioritizing being near to their workplace or city amenities.
“Whilst price movements have varied across these areas reflecting their differing supply and demand dynamics over the last 12 months, it’s clear that right now the demand for properties in these locations is strong as we move in to the 2022 spring selling season.
“The London picture certainly looks very different than a year ago, when further lockdown restrictions dampened some demand to live in the capital. To see inquiries nearly doubling in some areas of London demonstrates how much it has bounced back in popularity over the last year.”
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