Lockdown likely to have impact on house prices

House prices and home sales activity increased in Scotland last month, according to a monthly survey.

A new balance of 53 percent of respondents in Scotland in the December Royal Institution of Chartered Surveyors (RICS) Residential Market Survey reported rising prices.

The number of newly agreed sales in Scotland was also higher for 15 percent of surveyors last month.

However, it is anticipated the new lockdown and the related economic challenges will weigh on activity in the new few months.

Greg Davidson, of Graham + Sibbald in Perth, said: “2020 saw the Scottish country house market come to life with demand significantly outstripping supply, resulting in strong and increasing sale prices and multiple offers at closing dates.”

“Following a period of further Covid uncertainty early in 2021, spring should reinvigorate this market again.”

Scotsman – Page 8