Prices are rising in Scotland but transactions are weakening | Sales Bulletin Spring 2018

 

The latest of our sales bulletins has been released. The findings have come from our carefully researched data courtesy of the Rettie & Co. Research Team, Scotland’s largest dedicated property research department.

Click here to download the pdf.

KEY FINDINGS

  • House prices are now rising across Scotland and particularly sharply in a number of key hot spots, including Edinburgh, Glasgow, East Dunbartonshire, East Renfrewshire and West Lothian, where average price growth is 10% or more.
     
  • However, transaction levels are stagnant or falling in most of Scotland, with limited new stock coming onto the market. Rising demand combined with constrained supply is fuelling the price rises.
     
  • These rising prices have fed through into Scottish Government LBTT receipts now exceeding forecasts for the 2017-18 financial year (by 12%).

About Andrew Meehan

Andrew re-joined the Rettie & Co. Research Team at the start of 2015 having originally worked for the company from 2005 to 2010. Andrew has an MA (Hons) from Edinburgh University and an MSc in...

Andrew Meehan
Associate Director
Edinburgh Read More