Activity picked up in the Scottish housing market in March as more sellers put their homes on the market, according to a report out today. A rise in the number of homes for sale was accompanied by increases in both agreed sales and inquiries from potential buyers, the latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) Scotland reveals
George Solley, Director of Property Sales at Thorntons said "March has proved to be a busy month in terms of properties coming to the market. It is encouraging to see an increase in activity in this area of business and as reported by the RICS we are seeing the average price of house selling in the area rising as more sales at the middle to top end of the market figure in the mix of properties. It's that average house price statistic again, however, and not house prices which are rising. Reduced activity at the low end of the market as first and second time buyer find difficulty in finding mortgages is playing a significant role in all of this.
"Listings in March were well up on the preceding Month in 2011 and show an increase of over 22%, in terms of number of properties as against March 2010. This trends is showing across all location in our Tayside and Perth branch network.
George Solley, Director of Property Sales
April 2011