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  • 17 May 2013

    Growth in the Scottish housing market

    Posted by Joanne Casey

    According to a survey by The Royal Institution of Chartered Surveyors (Rics), the Scottish housing market continues to show "encouraging" growth, with a rise in sales and enquiries for the third consecutive month.
    Surveyors also predict house prices will rise over the next year. This is one of many recent indications suggesting Scotland's economy is showing signs of recovery, such as a rise in business activity and employment, higher passenger numbers at Scotland's airports, and a rise in investment and activity in North Sea oil and gas.
    The Rics survey said: "This is the most positive reading since July 2010. Surveyors responding to the survey suggest that, on average, house prices are likely to rise by 1.5% over the next 12 months." For homeowners looking to sell, this upbeat picture for house prices, and the change from the previous sluggishness in the market, is very positive news.
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