HOMEOWNERS will benefit from a post-election bounce in house prices, according to new figures.
House prices in the West End are soaring above the expected general market growth rate, analysis from Allied Surveyors Scotland suggests.
Research from the Royal Institute of Chartered Surveyors (Rics) last week showed a continued increase in both house prices and agreed sales across the UK – with the “decisive” result increasing confidence.
Grant Robertson, chairman of Allied Surveyors Scotland, said homeowners in the West End were benefiting from a “significant lack of stock” versus the level of demand.
This has resulted in prices 9.67% above the Home Report value, and 5.6% higher than in the pre-election period of November.
First-time buyers might be better off looking east, where prices have risen less rapidly.
Robertson said the market east of the city centre was “performing well”, but the supply and demand relationship for properties was more “evenly balanced” than in the West End.
Fears around cladding have caused “significant” variations to house prices in the city centre.
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel