The Property Market in Scotland

in Scotland

It's interesting to see that the property market in Scotland appears to be the area in the United Kingdom that is doing one thing others aren't: recovering. The recession that hit the western world with brute force has had massive impacts, in particular to the UK's property market. Why Scotland is the country that is first showing signs of recovery is unknown - but it is good news for homeowners that live there!

Over the last few months, property prices in Scotland are reported to have risen and, even more surprisingly, they are expected to increase even more towards the end of the year. Ten per cent of chartered surveyors indicated that they had seen a greater result in Scotland so far and believe these results will only get better.

However, just because property prices appear to be recovering in Scotland, it doesn't mean that homeowners should start celebrating yet. It also seems to be the case that the actual act of selling the house is still not going to be easy. In fact, it looks like it's going to be even harder to shift the property in Scotland than it is elsewhere - which doesn't make the good news look too great.

Many people are still suffering from the recession and looking for ways to make and save money. This could include homeowners looking to sell their house or people who are hoping to buy one but simply can't afford one at this moment in time. In order to combat these problems, those who perhaps would rather buy a house of their own are instead turning to property rental so that they can pay as they go rather than part with a large sum of cash and sign a mortgage meaning they have to commit to something larger that will last for years.

When it comes to renting flats in Scotland, there's a lot to choose from - another reason why the housing market may continue to suffer. Edinburgh flats are popular with all types and ages, as well as flats to rent in Glasgow, Dundee, Aberdeen and many other locations across the country.

Whether or not the housing market will recover fully any time soon is uncertain, but until people begin to free themselves of the recession, it looks as though flat rental will continue to be more popular than house buying.

Author Box
Janine Barclay has 1 articles online

Janine Barclay writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Add New Comment

The Property Market in Scotland

Log in or Create Account to post a comment.
     
*
*
Security Code: Captcha Image Change Image
This article was published on 2010/11/03