"Despite increased levels of taxation, Scotland’s prime residential market witnessed an uptick in agreed sales in the first quarter of 2025. However, economic volatility could temper the market in the short to medium term, leading to more price sensitivity."

"A year of political and fiscal upheaval, with uncertainty around how Trump’s tariffs might play out, weigh heavily on London’s prime markets."

"Despite cuts in the Bank base rate, the wider underlying economic outlook and changes in the tax environment meant the top end of the housing market remained price sensitive in the first quarter of 2025."

"There were strong levels of leasing activity in Q1 2025, with take-up 38% above the ten-year average"

"There is feeling amongst the investment advisory teams that more positive sentiment has increased, which will initiate improved liquidity"

"Spring is a time for planning ahead and getting your house in order – and the prime property market is no exception"