Following the political change and taxation differences, the Scottish property market is seen by many as a recovering market, or one that is a potential risk. However, according to a new analysis report, the Scottish property market remains a solid opportunity for investment.
The National association of Estate agents has provided some insight on how the “No” vote will affect the property market in Scotland. The Managing Director of National Association of Estate Agents, Mark Hayward said:
Demand for new homes in Scotland has bucked the UK trend, according to the latest RICS Residential Market Survey, with a net balance of 52% more surveyors seeing a rise in new buyer demand.
New data from the Council of Mortgage Lenders (CML) has revealed an increase in the number of mortgage loans taken out by first-time buyers during April this year.
Stirling has overtaken Londonderry as the UK’s most affordable city, according the latest Affordable Cities Review by Lloyds Bank.
Since its launch in September last year, Scotland’s Help to Buy scheme has received over 1200 applications, and has helped more than 200 families successfully gain a mortgage and move into their new homes, the Scottish Government has reported.
