News & Legislation
September 7, 2021
Regional Property Market Update Autumn 2021: Scotland
Price growth strong across all regions
Annual property price growth in Scotland is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Properties here are selling in just 23 days, the quickest of any region of the UK (Rightmove).
Double-digit property price growth is evident in 17 areas of Scotland. Shetland Islands and Orkney Islands are currently the strongest performing areas, albeit with a lower sample size.
Surge in sales
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
In Scotland, the most active housing markets over the past year have been in Midlothian and East Lothian.
Space to be
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
Properties for sale in Scotland
Located in the desirable area of Marchmont, this bright and well proportioned main door garden flat forms part of a traditional Victorian tenement. The interior of the property is complemented by original features including cornicing, doors, architraves, skirting, working shutters and fireplaces. Planning Permission has been obtained for internal alterations.
Beautifully set within a corner plot, with south facing gardens, this outstanding family home, known locally as The Lowther house type, was completed by Cala Homes and is set within an enviable position within Kinnaird Village. This imposing home with its triple elevation makes this home stand out from the crowd. On offer, you will find an outstanding family dining-kitchen complete with all appliances, two en-suite bedrooms, two further double bedrooms and a larger fifth bedroom.
Providing copious amounts of space, an open outlook and three levels of versatile living, this stunning yet practical contemporary six-bedroom family home is tucked away in the highly sought-after and historic village of Winchburgh, a stone’s throw away from Edinburgh.
Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.