Rettie's private sector property research team provides thorough and bespoke analysis, based on reliable and up-to-date information, led by Dr John Boyle, who has over 15 years of experience as a property economist. Our researchers provide the very best market intelligence and work across a broad range of projects locally and nationally.
When reading the national news headlines, it would be easy to presume that the housing market was weakening on the back of Brexit uncertainty and recessionary fears. However, while there is lacklustre activity and negative sentiment emerging from other locations in the UK, Edinburgh's housing market is remaining comparatively positive...
There has been significant growth of the Scottish Build to Rent (BTR) sector over the last year, as well as the increasing appetite of investors to put their money into Scottish housing. BTR is the provision of purpose-built private rented units by investors and developers. Many housing industry professionals now see it as a key part of the solution to the UK's housing crisis.
Last week, Rettie went to the Marché International des Professionnels d'Immobilier (otherwise known as MIPIM). Held in Cannes, it is the annual international property festival/jamboree/jolly, with your overall view of the event dependent on your level of enthusiasm/knowledge/cynicism.
With Brexit dominating the headlines, and being blamed for weakening housing market sentiment nationally, the Scottish £1m+ market was contrarian in 2018, reporting a 25% increase in activity and recording the highest level of activity in a decade.
Although sentiment surveys are pointing to a downward shift on the market, the actual statistics for the end of 2018 (Q4) have shown a fairly resilient market, with transactions and average prices up 1.8% and 3.7% respectively on Q4 2017.
The rise in ADS to 4% in Scotland provides those purchasing BTL property with a higher tax demand from early next year. Read our latest Lettings Bulletin released by the Rettie research team, Scotland's largest dedicated property research team.