selected branch: Perth
The housing market in Perth is strong, offering a diverse range of properties to suit various preferences and budgets. The city provides a mix of housing options, including detached houses, semi-detached houses, terraced houses, flats, and apartments. There are also new build developments and established residential areas with older properties, adding to the variety.
Perth offers a blend of modern housing estates and traditional neighbourhoods with characterful period properties. The city centre provides opportunities for urban living, with a selection of apartments and townhouses available. Surrounding areas offer a more suburban or rural feel, with larger family homes and properties with scenic views.
Overall, the city’s housing market provides a good range of options for buyers, catering to a diverse range of preferences and lifestyles.
According to Zoopla, the average sold price for houses in Perth over the last 12 months (as at October 2023) is £242,410. This price has increased by 6% in comparison to the previous year.
Average prices for specific property types are as follows:
| Detached: £348,559 | Terraced: £150,949 |
| Semi Detached: £200,519 | Flat/Apartment: £126,418 |
Average sold property prices across the different areas of Perth vary, with different areas offering buyers different desirability factors. Below is a list of some of the most popular areas to live in Perth, and their respective average sold property prices according to Zoopla (as at October 2023).
| Bridgend | £100,628 |
| Gannochy | £242,405 |
| Kinnoull Hill | £75,167 |
| Muirton | £421,968 |
| North Inch | £129,837 |
| South Inch | £176,778 |
| Inveralmond | £207,944 |
Since becoming a city in 2012 as part of the Queen’s Royal Jubilee celebrations, Perth has seen significant investment. As a result, – the area is thriving. Some statistics report a growth of up to 12 percent in the past ten years, and it’s safe to say that Perth’s residential market has expanded just as quickly.
Of course, like any location – there’s no way of guaranteeing what the future holds for Perth’s housing market. However, given its recent growth and current market trends, it’s not unreasonable to expect a thriving property market for Perth going forward. This could well be a great time to invest, while housing prices are still competitive.
With housing prices steadily increasing, getting on the property ladder can seem like an overwhelming task. That being said, with the right help and guidance, it doesn’t have to be a painstaking process.
Whether you need advice on the best places to live in Perth, or you’re a first-time buyer looking for general mortgage advice, we’re here to help.
Offering award-winning services and 100% free mortgage advice, there’s a reason we’re the UK’s top-rated mortgage broker on TrustPilot.
If you need advice for first-time buying in Perth – or if you’re looking for a reliable mortgage broker in Perthshire – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free).
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