Scottish house sales resist national slowdown

Scottish house sales resist national slowdown

Scottish housing market activity continues to grow in contrast to a slowdown in the rest of the UK, according to a new report.

Fresh sales across the UK declined for the 16th month in a row compared to growth in Scotland since January, the latest Royal Institution of Chartered Surveyors survey found.

The surveyors questioned expect house sales to rise over the next three months as demand continues to outstrip 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.”

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