August From the Agent’s Point of View
Commenting on the month’s property news and statistics, MOV8 Real Estate’s Managing Director, Robert Carroll, stated:
“Despite the constant drum beat of Brexit-related news, August has seen relatively strong performance in the property market across Scotland with an upswing in sales volumes versus last year.
“With the schools returning after the summer break, we have seen first hand a release in pent-up demand, with a rush of properties coming to the market in the past 5 weeks. In that time, we have taken over 130 seller instructions. This is great news for property buyers as supply to the market appears to be picking-up after a few months of relatively little new stock coming to the market to satisfy demand.
“Buyer demand remaining high and, as a result, we have seen significant growth in property prices across most regions of Scotland. In the last 3 months, Edinburgh saw a 6.4% year on year increase in property prices while Glasgow recorded one of the highest levels of house price inflation over the past 12 months. This is all in stark contrast to the slowdown seen in London and the South East.
“It’s highly unlikely that we will hear less about Brexit in the coming weeks and months! However, all of the vital signs in the Scottish property market appear to be sound and it appears that people are just getting on with their lives as usual in spite of the shenanigans going on in Westminster.”
Property Market in Numbers August 2019 infographic
Download our Property Market in Numbers August 2019 infographic.
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