The latest RICS UK Residential Market Survey has revealed an increase in the supply of Scottish residential properties coming on to the market during April, which is the first increase in three months.
Figures based on September’s property markets showed a minor increase in the number of properties sold with an increase in the number of properties on the market cited as the main reason.
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.
Property in Scotland have increased at a significantly slower rate than the rest of the UK in the last four years according to a survey from Your Move.
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.
Scotland’s prime property market is experiencing a boom before the alternative to Stamp Duty comes into effect in April.
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:
Demand for new homes in Scotland has bucked the UK trend, according to the latest RICS Residential Market Survey, with a net balance of 52% more surveyors seeing a rise in new buyer demand.
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.
Demand in the Scottish housing market remained steady during April, with a net balance of 23% of respondents reporting an increase in new buyer enquiries, according to the latest RICS UK Residential Market Survey.
In a recent survey of solicitor estate agents across Scotland by SPC Scotland, eight out of ten solicitors active in the property market apparently forecast a continued rise in sales.
