SCOTS PRIME PROPERTY SURPRISE

Scotland’s residential property market looks to be holding up better than expected in the post EU referendum era, with a notable rise in new buyers – and even a modest rise in prices.

Contrary to fears of a property market slump, there has been a 30 per cent increase in new buyers registering in July and August compared to the same period last year. And there was a 40 per cent rise in viewings over the same period.

The figures, from upmarket estate agents Savills, also reveal that a third of new buyers who registered came from outside Scotland.

Faisal Choudhry, Head of Residential Research in Scotland said, “So far our Prime Index reveals that values are currently 1.3 per cent higher than the same period last year.”

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