"Prime activity across Scotland is defying expectations, with an annual increase in £500,000+ sales"

"Scotland’s prime market has witnessed a positive start to the year with constrained supply underpinning values. However, as a wider selection of properties become available, realistic pricing will be essential in order to convert underlying levels of demand into transactional activity"

"Prices stabilise across prime regional markets following mini-budget dip, but realistic pricing will be critical over the coming months"

"Central London’s performance has been relatively robust during 2022, both in terms of pricing and transactions. But during 2023, the UK is expected to teeter on the edge of a recession"

"Markets further from London, where mortgage affordability is least stretched, have been most robust, with properties in the Midlands and North, Scotland, and the South of England beyond the commuter zone seeing the smallest price adjustments"

"Looking further ahead, the prime Scotland market will remain robust as the value gap and quality of life, alongside the strength and depth of Edinburgh and Glasgow’s economy, means there’s more capacity for growth, and we expect the markets here to outperform the overall prime UK market over the next five years"

"Whilst economic uncertainty is affecting the wider housing market, Scotland’s prime market fundamentals have remained strong in recent months. "

"Over the past three months, the prime regional housing market has shown subdued levels of price growth, off the back of two years of strong appreciation in capital values."

"Despite increasing economic headwinds in London, the number of sales of £1 million-plus homes in September this year were more than 50% above the pre-pandemic norm for the same month, according to Twenty-CI. "