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.
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- 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%).