Average Price for property in Banff is around £176,895 which varies based on type of property you are interested in and ranges from £255,205 for detached house to around £138,129 for semi-detached. Similarly terraced house is around £137,734 and a flat is worth £98,538. Values have been changing and have risen £1,637 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,466 in last 6 months, £13,213 in last 1 year, £25,169 in last 2 years, £23,140 in last 3 years, £28,849 in last 4 years and £27,593 in last 5 years.
Currently average asking price of a property in Banff is around £196,337 based on approximately 168 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £1,001 per month.
Estimated property value in Banff is £176,895. Average asking price is £196,337 while average price paid is £126,286 which is up by £13,213 and Avg. asking rent £1,001.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Banff area. In last 1 year alone average price buyer paid is around £126,286 based on approximately 168 sales in Banff area alone. If you compare it to last 3 years sales of 457 properties where buyers paid around £124,623. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £131,492 for 697 and average amount paid for purchase of approx. 1,040 properties sold in last 7 years comes to about £132,495 per sale.