
The Current State of Scotland’s Housing Market
Landmark Information Group has predicted that Scotland's property market will mirror UK-wide trends of declining activity due to affordability issues potentially diminishing buyer interest. Their latest Scottish Property Trends Report suggests this as a possible explanation. An imbalance between demand and supply is causing prices to rise in certain areas, especially for attractive properties at reasonable prices in key locations, according to a statement released by the agency. 1. House Prices Scotland's house prices increased by 2.0% annually during Q1 2023, an indicator of slowing annual price inflation compared to Q3 2020, when they peaked at 3.0%—this rate being the lowest seen since mid-2010 yet still higher than the UK average of 1.9%. More recent monthly data (which tends to be more volatile) indicates this slowing trend continued into April…