Chepstow | 01291 626262
Usk | 01291 672212
Ross-on-Wye | 01989 768484
Monmouth | 01600 713030
Newport | 01633 449884
Forest of Dean | 01594 715888
Associated Park Lane Office
0203 368 8745
Agents report the sales to stock ratio in Scotland is at a record high (RICS). Across Scotland the annual rate of housing stock turnover is 4.8%, the strongest of any region of the UK. The most active markets are currently Midlothian and East Lothian.
Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.
Year-on-year price growth across Scotland is substantially stronger than the 0.7% recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in twelve local areas across the country.
Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in Scotland is 27 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.
Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.
Chepstow | 01291 626262
Usk | 01291 672212
Ross-on-Wye | 01989 768484
Monmouth | 01600 713030
Newport | 01633 449884
Forest of Dean | 01594 715888
Associated Park Lane Office
0203 368 8745
We are fortunate to sell and let a huge variety of property in one of the most beautiful regions of Britain. Set within glorious unspoilt countryside straddling the English Welsh borders are picturesque villages.