Regional Property Market Update Autumn 2021: Scotland
Posted on: Tuesday, September 7, 2021
Price growth strong across all regions
Annual property price growth in Scotland is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Properties here are selling in just 23 days, the quickest of any region of the UK (Rightmove).
Double-digit property price growth is evident in 17 areas of Scotland. Shetland Islands and Orkney Islands are currently the strongest performing areas, albeit with a lower sample size.
Surge in sales
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
In Scotland, the most active housing markets over the past year have been in Midlothian and East Lothian.
Space to be
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.
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The team were really responsive to queries that we had regarding our purchase. Having dealt with a number of Estate Agents in the past I would rate Stevens as one of the best that we've worked with. Hannah was excellent at keeping us informed throughout.
Very thorough service, all queries promptly followed up and some additional small requests for instance dealing with house clearance and cleaning (because the sellers were not local) undertaken without additional charge.
A trouble free transaction, much appreciated.
Went the extra mile to aid our recent home purchase.
Always helpful person on the end of telephone.
Attention to personal detail, which does make you feel that you are important
I am extremely pleased with the service and care taken with Stevens Estate agents. They handled everything from valuation to completion which helped with the painful process of selling our mums house. Thanks to all the staff.