Rettie Property Research Services

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

Scottish £1m+ market returns to trend, but with significant rise in £1m+ new build properties. We are delighted to release our annual £1m+ market review, courtesy of the Rettie research team, Scotland's largest dedicated property research team.

Now that the full year's sales data for 2016 has been released we have been able to review last year as a whole, and look forward to see what trends are emerging in the market this year. Positive growth in the Scottish market in 2016 was constrained by a combination of political and economic events, as well as continuing melancholy in the Aberdeen market. These factors held growth in market turnover back to 1.1% annually.

Our research shows that the Newcastle residential property market has surged over the last 3 years, with the total value of property sold more than doubling over the period 2012-15, fuelled by a 60% rise in transactions and a 40% rise in the average price.

As winter draws in and the housing market prepares for its seasonal hibernation, it seems an appropriate time to take stock of one of the most significant changes that occurred in the Scottish housing market during 2015 - the introduction of Land and Buildings Transaction Tax (LBTT).

Rent controls have been a much speculated topic in Scottish politics over the Summer. While negatively regarded by most economists, Nicola Sturgeon has recently announced their potential introduction despite 70% of respondents in 2nd Consultation on a New Tenancy for the PRS stating they did not support their implementation.

Rettie have produced a Quarterly Report on the Scottish Farmland Market.

The latest Rettie Residential Market Quarterly, the most authoritative summary of conditions in the Scottish residential property market, has now been produced. This issue looks back at the residential market over 2014, across all sectors of the market, and looks forward to 2015 and beyond.

Yesterday, the Chancellor of the Exchequer in his Autumn Statement announced changes to Stamp Duty designed to make the system more proportionate across the UK.

In-depth knowledge of the local and national marketplace is essential for clients seeking to manage the placement of what is often their most significant asset.