Scottish housing market 'still flat'

Couple outside estate agent Almost a fifth of surveyors said they expect prices to continue to fall

Related Stories

The Scottish housing market remained flat last month, according to a survey by the Royal Institution of Chartered Surveyors (RICS).

Its UK Housing Market Survey reported a fall in new buyer inquiries during June.

Newly-agreed sales in Scotland also fell for the third consecutive month.

And there was an increase in the number of homes going on the market despite the slump on demand, which RICS said could put more pressure on prices.

RICS Scotland director Sarah Speirs said: "The housing market in Scotland failed to turn a corner last month and activity remained slow.

"Despite this, it is unlikely that we will see any real movement until purchasing a property is more affordable and accessible for the likes of first-time buyers."

House prices across Scotland continued to drop last month, with 24% more surveyors reporting price falls rather than rises.

Almost a fifth (19%) of surveyors said they expected prices to continue to fall over the coming months.

Greg Davidson, a member of RICS from Perth-based chartered surveying practice Graham & Sibbald, said: "Uncertainty in the market and general economy continues to make it difficult for purchasers to commit.

"As such, transaction levels have dropped back a touch and there is no particular driver for these to change significantly over the foreseeable future."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland stories



  • Elderly manSuicide decline

    The number of old people killing themselves has fallen. Why?

  • Petrol pumpPumping up

    Why are petrol prices rising again?

  • Image of George from Tube CrushTube crush

    How London's male commuters set Chinese hearts racing

  • TricycleTreasure trove

    The lost property shop stuffed with diamonds, bikes... and a leg

  • Boris Nemtsov'I loved Nemtsov'

    A murder in an atmosphere of hatred and intolerance

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.