Rettie Property Research Services

Rettie have produced an analysis of the £1 million prime residential market in Scotland. Rettie sold over 25% of this market by value in 2020.

The Covid-19 pandemic has led many sectors to reconsider their real estate requirements and assets - from office, to student, to tourism and leisure there is currently a widespread review of strategy ongoing. In the short term, we are already seeing opportunities coming to the market as result of the pandemic, which is creating an active residential development market.

With the Covid-19 pandemic accelerating the reality of home working, and making households re-evaluate their home as more than just a place to sleep, many families are now looking further-afield to find their ideal home. This pattern has seen enquiries for quality rural properties outstrip supply in the Summer and Autumn markets.

The secession of trading during the usually busy Spring months, due to Government restrictions, led to an unseasonally buoyant Summer market which persisted into the Autumn. With time to reflect on life and housing needs earlier in the year, it has been families looking to make changes to lifestyle and living arrangements which have been a key component of the post-lockdown market.

The lifting of lockdown has seen a jump in enquiries from Glasgow based buyers looking to move out of the city and considering multiple locations within the commuter hinterland where they are weighing up lifestyle, housing quality and value, and accessibility. Ever popular, Kirkintilloch & Lenzie has long been a popular choice...

The rise of home working has led many families to now seriously consider moving further from town to gain the outdoors lifestyle and greater living space that previously seemed out of reach. With its hills and woodlands, and accessibility via road and rail, the lure of the Scottish Borders has never been stronger for many buyers.

With its open green spaces and quality housing, the Southside of Glasgow has seen a surge in demand from families looking for more space or a better quality of life. Strong demand has meant that, when competitive closing dates are set, we have seen strong premiums achieved above Home Report so far this year.

We have seen a surge in activity since the lockdown restrictions were lifted in the Summer and this has continued throughout the Autumn market. Demand has been strongest from buyers looking to upsize for space to work from home and for outside space for children.

After lockdown restrictions were lifted we have seen an unprecedented level of market demand. With limited housing supply in the market, sellers have enjoyed highly competitive closing dates with values over home report being consistently achieved. Despite the high levels of activity there remains a strong appetite in the market.

The rise of home working has led many families to now seriously consider moving further from town to gain the outdoors lifestyle and greater living space that previously seemed out of reach.

Scotland's Capital has traditionally been seen as a safe haven for investment in times of economic uncertainty due to its diversified economy, as a home of learning, politics, finance, and science. Under Covid-19 we have seen a strong spike in demand for high quality prime homes in the city...

Glasgow City Centre has seen a sharp increase in activity since the lockdown restrictions were lifted with the greatest demand being concentrated in prime locations and properties.