Rettie Property Research Services

While the sales market may be on hiatus for the moment, with Registers of Scotland largely closed to regular transactions, the lettings market is seeing rapid restructuring as landlords who had been active in the Short Term Let Sector have seen demand, and revenue, evaporate.

As any pedant will tell you, there was no Year Zero in the Western calendars. At the moment though, it does feel as if time is being reset. Pronouncements and commentaries on the property markets as recently as mid-March look hopelessly out-of date, and we are now viewing trends and patterns in a 'BC' and 'AC 'context, or Before and After Covid-19.

As the year, and decade draw to a close we look back at the events that have shaped the market before forecasting what lies ahead in 2020.

2019 has been an exciting year for Glasgow, with a number of high-profile employment and development announcements being made regarding the City Centre. This economic confidence in Glasgow has been reflected in the city's housing market, with consistent price growth and sales activity characterising the recent market...

The Scottish New Build market is a crucial component of the wider housing market, contributing 10% to 13% of sales across Scotland and in excess of a third of sales in some council areas. Over the past few years, the New Build market has delivered increasing supply, with 2018 recording the highest level of new build sales in a decade.

The Scottish housing market in 2019 has felt the headwinds of political uncertainty. While house price growth has continued, in many areas it has been marginal, with some areas reporting small year-on-year falls. However...

While there are some signs of the Edinburgh market taking a pause for breath this year, core locations and demand levels remain comparatively robust and the market outlook confident.

We are delighted to share our updated BTR briefing, hard copy has been made avaiable to all delegates of the BTR Forum Scotland.

KEY FINDINGS: The macroeconomic and political uncertainty is resulting in some limited hesitance in the market, however, demand across the market remains robust due to strong underlying fundamentals.

Homes for Scotland commissioned Rettie to review the current literature on the value of development and the cost of restricted land supply in Scotland.

The number of Build to Rent (BTR) homes built or in the pipeline in Scotland has now increased to over 7,200. Read more in our latest BTR Briefing.

With the UK due to leave the EU on 31st October, there are somewhat contradictory signals on how this is affecting the housing market. Click to read our Sales Bulletin.