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Scottish £1m market curtailed by property tax
"The Scottish Government’s LBTT targets won't be met unless there is a significant change in rates."
Scotland
Tagged Articles
Scotland's Residential Property Market – Autumn 2017
Contains 8 articles
Strongest market since 2008
"Scotland’s improved market performance is due in part to the resilience of Scottish buyers who have become used to political change…"
Greater Glasgow reaches new heights
"Prime market activity goes from strength to strength, with the West End and new build markets leading the way"
LBTT puts Edinburgh under pressure
"A lack of mainstream supply has led to a drop in activity. The prime market continues to suffer from the impact of LBTT and fewer properties are being launched this year"
Aberdeen area shows signs of recovery
"The Aberdeen area residential market is looking less gloomy, with values stabilising and transactions recovering slightly in recent months..."
Value for money boosts regional locations
"A further reduction in values has enabled a recovery in regional locations, with more buyers now coming from outside Scotland..."
Million pound market suffers due to LBTT
"The punitive rates of LBTT are now impacting the million pound market. However, this market is no longer heavily concentrated in Edinburgh and Aberdeen, with more activity in the west and other regional locations"
New build outperforms
"Scotland’s new build sector has outperformed the wider market, with support from Government incentives. Meanwhile, mixed-use schemes in central Glasgow will deliver future homes and workspace, changing how we live, work and socialise"
LBTT impact
"The market above £750,000 is struggling to adjust to LBTT, which is heavily reliant on the top end of the market and sales in Edinburgh. Future Government targets will not be achieved unless there is a significant change in rates"
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