Mortgage News
Confidence in Scottish housing market ‘resilient’
More than a quarter of respondents to the Bank of Scotland housing market confidence tracker think house prices will rise over the next year, indicating greater confidence in the economy.
Furthermore, 53% of respondents think buying in the next 12 months is a good idea, seven times more than those who think it would be better to sell in Scotland.
The House Price Outlook balance, the difference between the proportion of people that expect house prices to rise rather than fall, also indicated a positive outlook on Scottish House Prices as it had increased by +2% from January (+4) to June (+6).
Nitesh Patel, housing economist at Bank of Scotland, said: “Overall, we expect little change in prices and sales over the remainder of the year, provided that the Scottish economic outlook does not deteriorate significantly.”