November saw both lower demand and supply in the Scottish property market according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market. Taking a look at demand through November, a net balance of -17 per cent of respondents in Scotland noted a fall in new buyer enquiries
Houses
The average selling price of property in Edinburgh, the Lothians, Fife and the Borders dropped 6.6 per cent year-on-year to £273,348, according to new figures from ESPC. The average percent of Home Report valuation attained was 4.2 percentage points lower than last year, recorded at 102.6 per
Property sales fall through far less frequently in Scotland than in England, according to data showing one in four sales collapsing in England compared to around one in 12 across Scotland.
Aberdeen house prices fell by 0.6 per cent in the most recent quarter, with a more significant annual drop of 4.4 per cent, according to the Aberdeen Solicitors' Property Centre (ASPC).
The average price for a property in Scotland saw a marginal decrease in September compared to the previous month but was an increase of 2.5 per cent when compared to September 2022.
Scottish prime house values remained steady, with a minor annual dip of -1.1 per cent, as compared with a UK dip of -5.2 per cent.
The latest provisional statistics from the UK HPI have recorded an average property price in Scotland of £192,000 for July 2023 – a 0.1 per cent increase from the previous year.
The Scottish property market has shown signs of cooling as average property selling prices across Edinburgh, the Lothians, Fife and the Borders showed a 2.8 per cent year-on-year drop during June-August 2023 to £286,560, according to the latest ESPC House Price Report.
Stubborn inflation and increased borrowing costs have led to prospective buyers relying more heavily on home reports, according to Shepherd Chartered Surveyors. ESPC reports that in Edinburgh, the Lothians, Fife and the Borders, the average property selling price rose 0.2 per cent year-on-year to &p
Property listings for sale in Scotland have risen substantially across several cities, according to DJ Alexander. The most noteworthy increases from August 2022 to August 2023 were in Inverness with an 83 per cent rise, followed by Dundee at 81 per cent. Edinburgh saw a 45 per cent increase, Perth r
During May-July 2023, the average selling price of property across Edinburgh, the Lothians, Fife and the Borders held steady in comparison to the same time last year. A marginal increase of 0.4 per cent took the average to £287,820, showing that the property market overall has retained composu
Following a decrease in housing demand and supply in June, Scottish house prices are forecasted to remain largely stable over the next quarter, according to the recent Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. The survey, which collates the views of property experts,
Scotland's average house price has risen to £187,150 in April 2023, marking a 2.0 per cent rise compared to the same month the previous year, according to provisional data from the UK House Price Index (HPI).
Scotland's housing market activity has continued to experience a slowdown in May, with indicators suggesting that potential increases in interest rates might further pressure the market, according to the recent Residential Market Survey by the Royal Institution of Chartered Surveyors (RICS). As was
The average price of a property in March 2023 was £184,877, an increase of three per cent on March 2022, according to the latest provisional statistics from the UK House Price Index. Compared with the previous month, house prices in Scotland increased by 0.7 per cent between February 2023 and