Tight supply coupled with demand is pushing up prices in Scotland
The latest Your Move/Acadata Scottish House Price Index released last week on 21st April 2017 headlined ‘Prices heading north’.
According to the latest Your Move Scottish House Price Index report, house prices in Scotland grew strongly in February with prices up by 1.4% and growing 3.3% annually.
The report reveals: New peaks in five areas and growth across the country, tight supply is helping to push up prices. First time buyers also continue to drive demand, with prices for flats growth of 5.1% annually.
Christine Campbell, Your Move managing director in Scotland, said: “First time buyers are continuing to drive the market in Scotland, but the window of opportunity opened by interest rate cuts last year may be narrowing. Tight supply coupled with their demand is pushing up prices across the country”.
Read the Your Move Scottish House Price Index report in full click here.