Registers of Scotland Report

The Registers of Scotland have reported that the number of residential properties sold in Scotland in the third quarter of the financial year rose by more than a quarter on the same period in 2012.  The total volumes for the period were 25,579 properties which was the highest recorded for this quarter since quarter 3 of 2007/8 – the peak of the property market.  As I have previously indicated my concern is not regarding the number of sales but the number of properties coming onto the market which will be the most telling statistic over the next couple of months and will ultimately drive or curtail the property market.  More information to follow.

Lindsay Darroch 
Partner – Head of Property

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