CKD Galbraith report rented property market in Ayr remains strong
The rented property market in Ayr is still going strong, according to leading property consultants CKD Galbraith, as many would-be property owners are still choosing to rent during the uncertain economic climate.
Statistics from the firm show that CKD Galbraith’s average rent in the area has remained steady at £641 per calendar month over the year and there has been a notable shift towards a demand for larger properties to let in the first quarter of 2012. The average time to let for CKD Galbraith’s Ayr office is over a week less than the Scottish average of 44 days, as reported by Citylets.
Currently there are 300 properties being let out through CKD Galbraith’s Ayr office.
CKD Galbraith’s lettings manager in Ayr Joyce Smart said: “Our local statistics from Ayr reflect the national trend for the growing demand for privately rented homes.
“There is no doubt that the swell in popularity of rented accommodation is caused by the continuing difficulties that would-be homeowners are facing in financing their first purchase. However, there has been a shift in the dynamics over the last few years. The rental market is not just the choice of the young and old – the groups who traditionally tend to rent. We are now witnessing more families and full-time workers renting in the face of barriers such as tight mortgage lending criteria, job-related relocation and an uncertain financial future.
“In Ayr we are seeing a significant demand for quality flats and houses from both young professionals and families.
“We have noticed a trend of landlords moving towards a managed service as legislation tightens in this sector of the market with the launch of the Tenancy Deposit Scheme this month.”
CKD Galbraith offers both the full lettings management service and a finders-fee service, dependant on landlords’ requirements, and work closely alongside othe firm’s residential sales department.
About CKD Galbraith
CKD Galbraith is an independent property consultancy specialising in serving the needs of private clients. It employs over 200 people in offices in Edinburgh, Stirling, Perth, Cupar, Inverness, Aberfeldy, Castle Douglas, Ayr, Elgin, Galashiels, Kelso and Peebles.
The partnership provides the full range of property consulting services across the commercial, residential and rural sectors throughout Scotland. The company enjoys a successful relationship with its associate firm in London, CKD Kennedy Macpherson.
The company’s rural arm specialises in farm sales and purchases, the management and sale of large estates and woodland, valuations and building surveying work.
7 Killoch Place
Ayr KA7 2EA
Contact: R A Cherry BSc MRICS
Tel: 01292 268181
Fax: 01292 292300
CKD Galbraith’s Ayr Office is a Founder Member of the Elite Ayrshire Business Circle.
THE ELITE AYRSHIRE BUSINESS CIRCLE
The Elite Ayrshire Business Circle is an association founded in 2007 by some of the top companies in Ayrshire.
Its purpose is to publicise its members, and to celebrate and promote the wealth and rich diversity of entrepreneurial talent and business excellence that abounds here within the county boundaries of Ayrshire.
Members include the Clydesdale Bank, Ayr Racecourse, Western House Hotel, Turnberry Golf Resort and South Ayrshire Council. Member company activities include broadcasting, building and construction, architectural practice, estate agency and land management, chartered accountancy, insurance broking, legal services, golf club management, marketing services and brand creation, web design and public relations consultancy.
Frazer Coogans Commercial Solicitors senior partner Norman Geddes is executive chairman of the Elite Ayrshire Business Circle, and managing director is public relations consultancy Fame Publicity Services proprietor Murdoch MacDonald.
For further information about The Elite Ayrshire Business Circle and to apply for membership, e-mail eliteayrshire@
Fame Publicity Services
10 Miller Road
Scotland KA7 2AY
Telephone: 01292 281498
Mobile: 07833 667322