Publication

Spotlight: Scotland's Residential Property Market – Spring 2018

22 March 2018

Scotland has witnessed its strongest market since 2007, with price growth now outperforming London. Values will continue to rise due to a lack of supply and strong city economies

Summary

■ Glasgow’s city hotspots make a roaring comeback in 2017, with strong premiums being achieved for properties that are well-presented and realistically priced

■ Edinburgh saw the highest price growth of any UK city at the end of last year, with prime transactional growth spreading to suburban locations

■ The Aberdeen market improved in 2017, with values stabilising. There is also increased confidence in the markets of Angus, Dundee and Moray

■ Realistic pricing has boosted transactional activity in regional locations and there is now a shortage of high quality properties in the more sought-after towns and villages

■ The million pound market recovered remarkably in the second half of 2017. However, higher taxation continues to impact the market above £2 million

Residential