Activity in the Scottish housing market is continuing to grow while it slows across the rest of the UK, a report has found.
Newly-agreed sales across the UK saw a 16th successive month of decline compared to increasing growth in Scotland since January 2018, according to the latest Royal Institution of Chartered Surveyors (Rics) survey.
New buyer inquiries were found to be strong in June, with a net balance of 33% more chartered surveyors reporting an increase in demand for new homes across Scotland.
Surveyors questioned in the study expect house sales to increase over the next three months, with prices being driven up as demand continues to outpace supply.
Rics chief economist Simon Rubinsohn said: “While we are seeing a rise in house prices in Scotland, unlike many parts of the UK, there is also consistent growth in demand and transaction levels to support this.
“However, lack of supply across both the sales and rental market continue to put upward pressure on prices, with risks of certain areas becoming unaffordable.”
The survey found fewer properties are being put up for rent, with surveyors highlighting tax changes on investment properties as a key reason.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here