Rics

The Royal Institute of Chartered Surveyors (RICS) recently reported that interest from potential property buyers in Scotland was down during February, however, ESPC agents across the southern half of Scotland are reporting the opposite with significant buyer demand and enquiries for homes.

Current lockdown restrictions saw house sellers in Scotland holding off putting their homes up for sale, according to the February 2021 RICS UK Residential Market Survey.

The Scottish housing market began 2021 on a weaker footing, despite the sector being allowed to remain open during the current lockdown, with Scottish surveyors reporting activity lower than in December, according to the January 2021 Residential Market Survey from RICS.

Activity across the Scottish commercial property sector ended a tumultuous year with industrial demand strengthening while retail and office vacancy rates rose at the strong rates in over a decade, according to RICS.

House prices and home sales activity increased in Scotland according to the December Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

The very strong demand witnessed in Scotland’s housing market since the summer started to ease back in November as the end of the year nears, according to the latest RICS Residential Market Survey.

Demand remained strong in Scotland’s housing market last month, according to the October 2020 RICS Residential Market Survey.

Demand from occupiers and investors for office and retail property in Scotland continued to fall sharply in the third quarter of the year, but there are at least signs that the industrial sector is stablising, according to the Q3 2020 RICS Commercial Property Survey.

Scotland’s housing market activity remained strong in September, as buyer enquiries and newly agreed sales rose over the month, according to the latest RICS (Royal Institution of Chartered Surveyors) Residential Market Survey report.

Enquiries, instructions, prices and sales all continued to rise in Scotland during August, according to the Royal Institution of Chartered Surveyors (RICS) Residential Market Survey, as pent up demand and the stamp duty holiday continue to influence the market.

The Scottish housing market saw a rebound in interest and activity during July but surveyors remain cautious about the months ahead due to the uncertain economic outlook. 

Following the reopening of the housing market in England May 13, the May 2020 RICS Residential Market Survey unsurprisingly saw a slight improvement in the outlook for sales over the coming twelve months across the UK as a whole.

RICS has called on the Scottish government for clarity on when the house buying and selling process can restart as it suggested house prices will be 4% lower when the market reopens.

RICS has urged the Scottish Government to re-examine commercial property use classes to aid flexibility of use going forward, as the Q1 2020 RICS Commercial Market Survey results point to a deterioration in market sentiment in Scotland, particularly in retail. Following what appeared

Market confidence in Scotland’s construction sector has fallen sharply with workloads, profit margins and employment anticipated to fall over the coming twelve months.