More market figures show successful quarter ahead of Brexit vote

The Registers of Scotland is the latest barometer to suggest the market has performed well in the second quarter of the year - but remember almost all of that period was before the EU referendum.

RoS says that from April to June the volume of residential sales north of the border increased by 4.9 per cent compared with the same period last year, with the total value of sales registered in the quarter increasing by 2.5 per cent compared to the previous year to just over £4.2 billion.

“The Scottish property market has remained resilient to political and economic changes despite the uncertainty of Brexit. As a firm we have not experience any negative effects or hesitancy from buyers throughout the various localised markets that we operate in and have witnessed healthy levels of sales across the country” says Simon Brown, partner and head of residential sales at CKD Galbraith agency.

CKD Galbraith’s sales figures over this quarter reflect the national Scottish trend with the firm reporting a 17 per cent rise in sales over the same quarter last year. 

There was also an increase in the number of properties brought to the Scottish market by CKD Galbraith, up 19 per cent in comparison to the first quarter of 2016.

The firm is also experiencing a significant level of movement across the UK with 53 per cent of buyers coming from within Scotland, 41 per cent of buyers coming from across the rest of the UK and the remaining six per cent representing international buyers.