The real estate market of Scotland is restored

According to official data from registers of Scotland, property sales in Scotland in the last quarter grew by more than 8% but prices fell by 0.3%. The total volume of sales across Scotland from April to June increased by 8.1 % compared with the same period a year ago. According to the figures for the previous two quarters, the sales volume shows a gradual increase compared to the previous 9 months.

All property types showed strong growth and sales of apartments showing the biggest increase of 16.5%.

The increase in sales by 8.1% over the past three months is a positive trend. Despite the decline in sales in some areas, the volume of sold properties increased by 7.7% compared to the previous year, an encouraging indicator for the housing market in the UK.

Although in General prices have fallen in some areas of Scotland the cost of real estate has shown significant growth. In particular in the Aberdeenshire average cost of a property is £ 215 589, which is 5.6% more than in the same period a year ago. And in East Renfrewshire recorded the highest percentage price growth of 6.2%. However, prices in Argyll and Bute experienced a decline of 11.9%.

Separately it should be noted that a steam room and a terraced property shows a decrease in growth rates of 2.9%. The average price for flats remained the same as last year. However, the average price of residential property this quarter was £ 153 102, a decrease compared to last year.

Independent consulting company CKD Galbraith believes that there are real signs pointing to improved confidence in the Scottish property market. For example, analysts CKD Galbraith noted the increase of interest in property across Scotland, particularly in Edinburgh, Perthshire and Ayrshire, where demand lags behind supply.

Positive approach and reasonable rates give more confidence to the property market across the country. Both buyers and sellers are happy with the current situation and the real estate market Scotland as a whole.

Sales consulting company CKD Galbraith for the 2012/2013 financial year in Scotland is more than 400 million pounds.

® Maxim Savitsky 07.08.2013 g.