Rettie's private sector property research team provides thorough and bespoke analysis, based on reliable and up-to-date information, led by Dr John Boyle, who has over 15 years of experience as a property economist. Our researchers provide the very best market intelligence and work across a broad range of projects locally and nationally.
We have seen a surge in activity since the lockdown restrictions were lifted in the Summer and this has continued throughout the Autumn market. Demand has been strongest from buyers looking to upsize for space to work from home and for outside space for children.
Scotland's Capital has traditionally been seen as a safe haven for investment in times of economic uncertainty due to its diversified economy, as a home of learning, politics, finance, and science. Under Covid-19 we have seen a strong spike in demand for high quality prime homes in the city...
After lockdown restrictions were lifted we have seen an unprecedented level of market demand. With limited housing supply in the market, sellers have enjoyed highly competitive closing dates with values over home report being consistently achieved. Despite the high levels of activity there remains a strong appetite in the market.
Few people like paying tax but Scots house buyers may be looking across the Border with more than a little jealousy today. Changes announced this week to property tax - Stamp Duty Land Tax in England and Northern Ireland and Land and Buildings Transaction Tax (LBTT) in Scotland - have created an even bigger gap than existed in the amount payable on a house purchase.
The future world will likely be analysed in AC and BC terms, or After and Before Covid-19. Social distancing and Government measures have effectively placed much of the residential sales market on-hold. In Newcastle the number of new properties listed for sale in the first week of April has dropped 95% year-on-year.