1st Quarter 2018 Market Review

Posted: 30th May 2018

Scottish average house price growth in the first quarter of 2018 showed an average increase compared to the first quarter of 2017 of 7.6%. In West Lothian the figure was 13.7%.

Paradoxically the volume of property sold in Scotland in the first quarter of 2018 fell by 5.2%, compared to the first quarter of 2017. In West Lothian the number of properties sold fell by 12%.

In the latest three month forecast from The Royal Institute of Chartered Surveyors, 20% more Scottish surveyors forecasted that prices would continue to rise, than those who did not. Whilst 5% more surveyors than those who did not, forecasted that the volume of property coming to the market would decline.

These figures support what we are experiencing at Paul Rolfe, and that is demand remains strong for well presented family homes, with those in first class contemporary condition, often attracting a premium over and above the Home Report valuation.

1st Quarter 2017 Market Review