Following the political change and taxation differences, the Scottish property market is seen by many as a recovering market, or one that is a potential risk. However, according to a new analysis report, the Scottish property market remains a solid opportunity for investment.
According to the Registers of Scotland, property prices across the country rose sharply between January and March in 2014.
According to property experts rural homeowners are attempting to reclassify their homes in order to make their properties more appealing to could-be-buyers.
The value of Scottish properties rose by over 3% in the first period of 2015, continuing on the growth seen in the previous year. The growth was similar to that seen at the end of 2014 according to official statistics.
The Land and Buildings Transaction Tax proposed by the Scottish Government is to be reviewed following an amendment to the UK stamp duty.
An expert has blamed the referendum and proposed land reforms for buyers and sellers holding back on buying properties and estates in Scotland.
The National association of Estate agents has provided some insight on how the “No” vote will affect the property market in Scotland. The Managing Director of National Association of Estate Agents, Mark Hayward said:
In recent months, some prospective property buyers have been making their purchases subject to the outcome of the referendum- these provisons are becoming more common as September 18th draws closer, and with the narrowing outcome margins.
The RICS led an independent Scottish Housing Commission which has published its proposals to improve Scotland’s housing market.
According to the latest RICS UK Residential Market Survey, house price gains in June remained positive across Scotland, and demand for property continued to grow across the country.
Stirling has overtaken Londonderry as the UK’s most affordable city, according the latest Affordable Cities Review by Lloyds Bank.
