• Text size      
  • Send this article to a friend
  • Print this article

Experts say more homes are on the market

THE number of homes coming on to the property market in Scotland has increased as recovery in the sector continues, according to chartered surveyors.

A total of 44% more experts reported an increase in new instructions in December, the highest proportion in the UK, and demand also grew, with 55% more reporting a rise in new buyer inquiries in Scotland.

But despite the increase in properties going up for sale, members of the Royal Institution of Chartered Surveyors said it was still not enough to meet demand, leading to prices going up.

RICS Scotland director Sarah Speirs said: "Although the number of houses on the market falls short of demand, the increase reported is certainly a step in the right direction.

"Growing availability of affordable mortgages has released some pent-up demand from a market that, in recent years, has seen many viable buyers unable to enter the market.

"On the face of it, this seems like good news but unless we see a marked increase in the number of homes coming up for sale we could well be looking at price rises becoming unsustainable in some areas."

She said this topic would be addressed by the Scottish Housing Commission Report, which is due to be published in April 2014.

It comes after a report by LSL/Acadata Scotland suggested the property market north of the Border was making "solid progress on all fronts", with a pick-up in house sales and continuing improvements in mortgage conditions.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.