2020 PRE-COVID Property Market Review

Property Market Update 2020 by Ron Hastings

The year has got off to a good start with more buyers around than in previous years.

Could this due to the relatively mild winter and having moved on politically from the uncertainty and distractions caused by Brexit?

Sales of mid range and higher value properties have significantly increased and detached houses both in town and in the surrounding countryside having achieved full or beyond asking price.
Buyers wanting to move to the Borders from Edinburgh are tending to buy in the Borders first and sell in Edinburgh once they have secured their dream home. Houses tend to sell quickly in the Edinburgh market.
Borders properties still offer good value for money so generally buyers from outwith the area are content to pay over home report valuation to secure the right property.
With increased demand across the price range and properties selling well in a shortened time frame prices are holding up well and stock levels are at their lowest for years.

Prediction

As of March 5th, it is still too early to make a call about the economic impact and possible restrictions the coronavirus may have on the property market in the months ahead. Thus far it’s been business as usual and if anything we have seen increased activity from prospective purchasers from the cities and the south. Apart from the various attractions of living in the Borders we are truly fortunate to live in a less populated area with plenty of fresh air!

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Some feature properties we recently sold in the Scottish Borders

Duns TD11 – SOLD

This lovely home in a popular residential area of the town was bought a local person who was buying for the first time.
Duns TD11 – SOLD

The successful buyers were moving from the South and wanted a country home within reasonable travelling distance of Edinburgh to visit family and friends.
Duns TD11 – SOLD

This attractive property had recently been extended to provide a very luxurious and spacious family home which was snapped up quickly after its first viewing.
Gordon TD3 – SOLD

The successful buyers lived locally but in a town location. They wanted to move to the country for ‘the good life’.
Gordon, TD3 – SOLD

The young family who bought The Smiddy were particularly attracted to the paddocks and stabling.
Gordon, TD3 – SOLD

Moving to a cottage located within a village with facilities was a particular attraction to the buyers after living in the countryside.
Houndslow, TD3 – SOLD

The eclectic mix of traditional and modern attracted many viewers to this fine property , but it completely wowed the buyers
Kelso, TD5 SOLD

Once a second home but now enjoying being loved as a fine home for buyers who wanted a quiet, central location
Eckford, TD5 SOLD

Having been only three weeks on the market a couple from south of the Border fell in love with the property. They made an offer, and moved in just six weeks later.
Town Yetholm, TD5 SOLD

Snapped up by a local couple who were looking to upsize. Using Hastings Legal they sold their own house very quickly and so secured a deal on Greystones.
Kelso, TD5 SOLD

We knew that this property would fly off the shelf. It did, because after just one week it was under offer, fitting the bill for a couple relocating to the area.
Hume Holdings, TD5 SOLD

Buyers were moving from outwith the area and loved the space and spectacular views the property gave them
Kelso, TD5 SOLD

This very cute cottage is ideal as a holiday home. Buyers were looking for a bolt hole in the Kelso area and this fitted the bill
Gillsland, Eyemouth, TD14 SOLD

The first viewing this property received led to a very acceptable offer from a gentleman who was looking to move back to the area after living on the West Coast.
Eyemouth TD14 SOLD

This lovely townhouse had struggled to get viewers with a previous selling agent. Soon after going On Market (and advertised in ESPC) with Hastings it was purchased by a couple who moved from Edinburgh.
Victoria Road, Eyemouth TD14 SOLD

A local family, looking for property to renovate and make their own, found their ideal home. A quick offer of the full asking price made it theirs.
Victoria Road, Eyemouth, TD14 SOLD

Initially attracted by the gorgeous photos and marketing of this lovely detached villa and its gardens the buyers fell in love with it for real at the viewing and offered the full asking price.
Eyemouth, TD14 SOLD

This town-centre bungalow with spacious accommodation and stunning sea views was ideal for a couple who wanted to relocate to the area from The Highlands.
Selkirk TD7 SOLD

A unique property with gothic features and an interesting history. Marketing advice on presentation was maximised by our professional photos and it caught the eye of the buyer who moved from Ireland.
Ettrickbridge, TD7 SOLD

The buyer was keen to relocate from London to this country village with a strong community. Traditional cottages in Ettrickbridge are in demand and it was snapped up within a couple of weeks of going on market.
The Priory, Selkirk, TD7 SOLD

A luxury apartment within a stunning traditional building. With views along the Yarrow Valley this was a dream home for the buyers who moved from elsewhere in the Borders.
Selkirk, TD7 SOLD

Marketing focused on the unique selling points of this substantial townhouse with a large garden and well presented extensive accommodation. The sellers received a good price for their efforts.
Midlem, TD7 SOLD

This cottage, tucked away on edge of the village green and and with a private garden, is so charming we were not surprised it attracted immediate interest and sold in first week of marketing.
Midlem, TD7 SOLD

This detached bungalow with a grazing paddock attracted a buyer who was moving from outwith the area. Properties like this are hard to find so, unsurprisingly, it sold within the first month for over the Home Report value.
Yarrow, TD7 SOLD

Built in traditional style, this two bedroom cottage had great location and kerb appeal. It sold within 2 weeks of going on market to the successful buyer who loved the area and the idea of a second home from which to explore and enjoy the Yarrow Valley.
Denholm TD9 SOLD

This property was for sale with other agents for over a year and the seller was beginning to despair. Hastings Legal marketed it in the ESPC and the property sold within weeks to Edinburgh buyers.
Towerburn Apartment, Denholm TD9 SOLD

This apartment was on with other agents for several years and attracted very little interest. Our professional photographs showed the true character of the property and it sold within weeks of remarketing to buyers from the South.
Hawick, TD9 SOLD

Buyers came from London and fell for the quality and character of the building which was beautifully presented. Aerial photographs showed off the stunning location.
Denholm TD9 SOLD

A lovely traditional property. The beautiful well-stocked garden was it’s crowning glory and, marketed in Summertime, it sold very quickly to a local buyer.
Hawick TD9 SOLD

Viewers were queuing up to see this charming country cottage and, with several notes of interest, it sold quickly at a Closing Date.
Apartment, Beechhurst, TD9 SOLD

The successful buyers flew up from the Isle of Wight having seen the property on our Website and fallen for it. They loved the area too.
Kirkton, TD9 SOLD

Professional photographs showcased this contemporary architect-designed house with landscaped gardens. The new owners moved from The South.
Hawick TD9 SOLD

This delightful property was advertised in ESPC, as are all our ‘for sale’ properties. It was snapped up within a few weeks. The buyers came from Edinburgh.
Kirkton TD9 SOLD

The Southern buyers appreciated the grand scope and fabulous location of Upepo compared with similarly priced properties in the South
Kirkton, TD9 SOLD

This traditional farmhouse with generous garden and outbuildings attracted buyers who were relocating from the Central Belt
Denholm TD9 SOLD

This substantial cottage overlooking Denholm Green had been recently refurbished and extended and ticked boxes for the local family who bought it.
Teviothead, TD9 SOLD

This lovely traditional farmhouse attracted viewers in their droves and quickly sold at closing date to the successful bidders who were from Wales.