Scotland's Prime Property Market

Scotland's Prime Residential Market
 
Outlook for Scotland's residential property market

1 March 2017, by Faisal Choudhry

Realistic pricing is key to success in uncertain times

 

Realistic pricing is key to success in uncertain times Buyer sentiment across the market is expected to remain sensitive over the next few years as the process to leave the EU unfolds. As a result, we are forecasting a 10% dip in transactions across the UK in 2017. Prime values in Scotland will remain stable in 2017, with the exception of Edinburgh and Glasgow, where price growth will continue to take place.

Transactions and prices in Scotland’s country locations will continue to recover, however, the top-end of the market in these areas will remain constrained by the impact of LBTT.

The slowing down of growth suggests that sellers need to be responsive to current market conditions and the fluctuations in demand that are expected over the next two years. We expect demand for high quality stock in areas with good schools and transport links to the market hubs of Edinburgh and Glasgow to remain strong. More generally, properties that present opportunities for buyers willing to take a medium-term view on pricing will remain popular.

MARKET PREDICTIONS: Five-year capital value forecasts

 
Prime
 
Mainstream

NB: These forecasts apply to average prices in the second hand market. New build values may not move at the same rate

Source: Savills Research

placeholder

Subscribe to Savills research

 

Would you like to be notified via email about new research?