The property market in east central Scotland is growing in confidence, with an increase in the numbers of homes being sold, and with more properties achieving their Home Report valuation, according to the latest analysis by ESPC.
The number of new homes brought to market between the months of August and October increased by 1.6% annually – reversing the trend of year-on-year decreases seen since our House Price Report in May. This follows a surge at the start of the year, then a dip over the summer in the number of homes being brought to market following the introduction of Land and Buildings Transaction Tax (LBTT).
‘Offers over’ is becoming the most popular as a way to market property, with 72% of properties brought to market with this pricing strategy, as opposed to ‘fixed price’ and ‘offers around’, compared with 55% for the same period in 2014. Properties sold as ‘offers over’ are achieving an average of 6.2% over the asking price, up from 5.4% last year.
The full article can be read at the
ESPC.
