Sales market bounces back in the Summer | Sales Bulletin

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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KEY FINDINGS

• There are strong signs that the Scottish housing market has bounced back over the late Spring and Summer, with a 9% increase in market turnover in Q2 2017 compared to a year previously and a jump in LBTT revenues in June and July, suggesting that Q3 growth will be stronger still.

• This rise in market activity seems to have been driven by higher levels of lending and a surge in home movers, with lending to home movers in Scotland up 18% year-on-year, and the highest total number of loans for any quarter since 2007.

• Despite this, there remain challenges for first time buyers to enter the market, with a deposit for the average priced house in Edinburgh taking around 11 years to save for based on median pay.

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...

Andrew Meehan
Associate Director
Edinburgh Read More