Scottish house prices at their highest in eleven years

Scottish house prices at their highest in eleven years

I was interested to read this Property Wire article on Scottish property prices being the highest since quarterly house price statistics records began in 2003. The article throws up several points worth commenting on - firstly, that such healthy capital growth is a good thing as it shows that the economy is growing, and that confidence in that economy is strong. Secondly, it shows a lack of supply in the housing market, which is a key driver in pushing house prices up. Thirdly, and this is the good news for our investors, it also means the rental market is solid and safe. I hear from investors all the time who say ‘If only I’d bought five years ago’ or ‘I wish I’d never sold that flat when I did’. On the flipside, I have never heard any property owner say ‘I wish I’d never bought that flat ten years ago’. So, our message to investors would be to act sooner rather than later if you’re considering investing in Scottish property.

(Steve Coyle, Cullen Property operations director)

 

 

Related articles

Student Home Search
The Student Home Search For Summer - Dawn Pianosi
Summer isn’t quite with usyet but the COVID-19 outlook is certainly sunnier than it’s been at any time in the last twelve months.  With the Scottish Government announcing plans for a route out of lockdown - non-essential businesses set to start re-opening at the…
Penumbra Fundraising
Penumbra - Support Our Team As They Walk, Run & Cycle For Charity
The team at Cullen Property in Edinburgh have pledged to walk, cycle and run the distance from Cullen in Morayshire to Cullen in New York State in a bid to raise money for Scottish mental health charity Penumbra. The energetic residential property investment and lettings specialists will cover a…
Covid Regulations
The COVID Regulation Round Up - Dawn Pianosi
The sun is out and the snow is melting as our vulnerable and elderly city residents are receiving their first vaccine.  I cannot help but be hopeful that the coming spring will grant us a re-emergence from what has inevitably felt like a