Rettie Property Research Services

Bearsden & Milngavie have long been the go-to destinations for families looking for a high quality of life, open space, good schooling and fantastic amenities. As a result of the lockdown, these qualities have become even more desirable...

Rear our latest detailed report on Land & Building Transaction Tax (LBTT): 2019/2020 was a good year for LBTT in terms of returns and revenue, but due to the impact of the global pandemic on the property market the future is uncertain.

Rettie Cos latest BTR Briefing for Scotland shows a rise in the number of operating and pipeline BTR homes to nearly 9,000, up 24 in a year.

Despite the current uncertainty in the Scottish housing market caused by the Covid-19 pandemic, it is important to take an informed view on likely market changes over the next few years.

The future world will likely be analysed in AC and BC terms, or After and Before Covid-19. Social distancing and Government measures have effectively placed much of the residential sales market on-hold. In Newcastle the number of new properties listed for sale in the first week of April has dropped 95% year-on-year.

While the sales market may be on hiatus for the moment, with Registers of Scotland largely closed to regular transactions, the lettings market is seeing rapid restructuring as landlords who had been active in the Short Term Let Sector have seen demand, and revenue, evaporate.

As any pedant will tell you, there was no Year Zero in the Western calendars. At the moment though, it does feel as if time is being reset. Pronouncements and commentaries on the property markets as recently as mid-March look hopelessly out-of date, and we are now viewing trends and patterns in a 'BC' and 'AC 'context, or Before and After Covid-19.

As the year, and decade draw to a close we look back at the events that have shaped the market before forecasting what lies ahead in 2020.

2019 has been an exciting year for Glasgow, with a number of high-profile employment and development announcements being made regarding the City Centre. This economic confidence in Glasgow has been reflected in the city's housing market, with consistent price growth and sales activity characterising the recent market...

The Scottish housing market in 2019 has felt the headwinds of political uncertainty. While house price growth has continued, in many areas it has been marginal, with some areas reporting small year-on-year falls. However...

The Scottish New Build market is a crucial component of the wider housing market, contributing 10% to 13% of sales across Scotland and in excess of a third of sales in some council areas. Over the past few years, the New Build market has delivered increasing supply, with 2018 recording the highest level of new build sales in a decade.

While there are some signs of the Edinburgh market taking a pause for breath this year, core locations and demand levels remain comparatively robust and the market outlook confident.