■ A reduction in selling times across Scotland’s cities and exceptional monthly off-plan sales rates in Edinburgh and Glasgow are resulting in supply constraints in the new build market.
■ The market below £400,000 continues to be supported by favourable rates of Land and Buildings Transaction Tax (LBTT). However, LBTT is constraining the market from £600,000 to £1 million. This is particularly pertinent in country locations.
■ Scottish property is attracting more top-end buyers from outside Scotland, helped by favourable exchange rates. In times of uncertainty, high net worth investors are drawn to prime central hotspots, which are considered safe investments and good value for money.
■ We expect strong demand across Edinburgh and Glasgow, especially for high quality, well presented properties, close to good schools and transport links.