Scottish Housing Market Defying the Headwinds | SPRING MARKET REVIEW 2019
- Despite the travails of Brexit, the Scottish housing market has continued to perform strongly, especially in its main cities, with house prices rising nearly 4% over 2018 and market activity strong.
- There are signs that the market has consolidated at the start of 2019, with transactions and price growth broadly flat compared with the year previous.
- However, there are some signs of the top end of the market cooling in early 2019, which has impacted on Government LBTT revenues, down nearly 6% in Q1 2019 on the year previous.
- Without the fog of Brexit, the market outlook looks strong in terms of its key fundamentals, but Brexit still remains the big unknown in terms of its final form and wider impacts.