On 18 September 2014 the Scottish electorate made its decision and voted against Scottish Independence.
Running up to the Referendum, many buyers and sellers were taking a cautious approach. The debate held back the market, particularly reducing the number of buyers from south of the border moving north.
A body of research published by Savills suggests consumer confidence is now back. They foresee an increase in the number of higher value houses coming to the market, as well as a boost to the entire market. They also anticipate the return of London super-commuters, attracted by the comparative good value on offer in Scotland.
Key findings following the Referendum decision:
- Prime Scottish transactions have increased annually by 39%, outperforming the mainstream market.
- Prime value recovery across Scotland is more evident in urban areas, compared to country locations.
- The Scottish housing market is expected to now be robust enough to adjust to forthcoming changes to Stamp Duty and Help to Buy.
-
Five best things to see in the Grand Pavilion at the Chelsea Flower ShowThe show gardens often grab the headlines, but the Great Pavilion at the RHS Chelsea Flower Show is always full of wonders. Country Life's gardens editor Tiffant Daneff picks out five of her favourite things from inside the marquee at the world's greatest flower show.
-
David Attenborough and Jeremy Clarkson are the celebrities that best represent our countryside, according to Gen ZWho are the ‘best champions’ of the Great British countryside? It is the farmers, say the youth.
