Prestige Scotland Magazine Autumn-Winter 2023

It’s been a year since Kwasi Kwarteng’s infamous mini-budget and we are all, personally and professionally, still feeling the repercussions.

As always, the impact of this particular bump in the housing market road has varied significantly depending on the micro market involved.  In uncertain times there is a natural flight to quality with buyers and lenders more comfortable with prime properties in established locations.  This has been borne out at Rettie in the prime markets in Scotland with sales in central Edinburgh, Glasgow and St Andrews all holding up well in terms of values achieved and many properties still seeing highly competitive closing dates.

However, it is important to remember that not everyone is in the same position.  For many would-be buyers the mortgage market has made it more difficult to get on to, or up, the property ladder.  This is particularly true for first time buyers, who are the lifeblood of the market.

Rettie is committed to helping people buy and sell property, regardless of their circumstances. Our dedicated sales teams have a deep understanding of their specific markets, and our Rettie Financial Services team can help you navigate the mortgage maze.

In these unpredictable times it’s more important than ever to work with an agent who knows their stuff.  We are fortunate to have an acclaimed research department and our grasp on the wider economic climate and its impact on the housing markets in Scotland is second to none.

The more we understand about you and your position the more we can do to help you make that next dream home happen. We understand that the housing market can be daunting, but we are here to make the process as smooth and stress-free as possible. We will work with you to understand your requirements and find the perfect property for you.