Construction News

13/02/2015

Scotland 'Outperforming UK Housing Market'

The housing market in Scotland outperformed the rest of the UK last month, new figures from the Royal Institution of Chartered Surveyors (RICS) has revealed.

An increase in buyer enquiries, a stronger price growth and higher confidence in the market has contributed to the performance.

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Scotland's housing market had the greatest buyer interest with a number of respondents saying new land and buildings transaction tax (LBTT) would help encourage more first-time buyers to get on the property ladder.

Looking at the other UK regions, Northern Ireland recorded the greatest buyer interest, while in England and Wales, the findings revealed a continuation of a cooling market, with price growth all but levelled off.

(JP/MH)

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