Meanwhile, demand from new buyers in Scotland increased at the fastest rate seen in over three years. A net balance of 33% of Scottish respondents reported a rise in inquiries from new buyers through October, the highest this balance has been since mid-2021. A net balance of 21 per cent of Scottish respondents reported an increase in new instructions to sell. A net balance of 31 per cent of respondents in Scotland anticipate sales will rise over the next three-month period. Regarding the rental market, surveyors in Scotland report that both demand and supply fell flat through October.

Source: The Herald November 14, 2024 05:01 UTC