The real estate market of Scotland demonstrates the activity

In a recent survey by the Royal institution of chartered surveyors (RICS Index) contains a clear conclusion that the property in Scotland expects an increase in the number of sales over the next three months. That, in fact, not surprisingly, this growth demonstrates the property of England for 5 months from the beginning of the year. The key driver for this increase is the adoption of a large number of respondents that the potential buyers are testing the market. Especially the increased interest of buyers in may 2013. Property prices in Scotland are also expected to grow. More than 71% of surveyed real estate professionals said they expect an increase in property prices in Scotland over the next 12 months. The bulk of chartered surveyors believes that there will be a price increase from 1% to 1.5%. If we turn to the rental market, demand from tenants continued to increase in may, although growth rates on renting began to decrease in the last few months. However, strong demand in the rental market of residential property justify positive expectations of landlords.

Actually may was an interesting month in the property market in Scotland. Definitely recorded an increase in activity, encouraging the growth of new demands from customers and new developments. Of course, the restoration of the market too early to speak, but definitely there has been a bunch of improvements in the market.

Meanwhile, the law society of Scotland decided to establish a working group to examine residential property Scotland, the practice and procedure of transfer of rights to meet the needs of buyers in homes. The working group will examine information about the sale and purchase of real estate in Scotland and put forward proposals for the improvement of the real estate market of Scotland now and in the future. The working group will focus on greater use of new information technologies and new opportunities for innovation. The purpose of the working group is an Association of highly qualified people with a deep understanding of the legal intricacies of rights and interests of consumers, to improve the process of buying and selling homes.

® Alice Morgan. 20.06.2013 g.