Why Scotland’s property market is set fair for 2024

Are green shoots of recovery beginning to appear in the Scottish property market?

Last year, a combination of factors — the disastrous mini-budget in the autumn of 2022, a subsequent rise in inflation and interest rates, and the impact of the cost of living crisis — caused transactions to drop by about 11 per cent year on year. But house prices held firm, and there were signs of the market beginning to rebound.

Now experts agree that the market is picking up as inflation falls and mortgage interest rates drop steadily. Paul Hilton, chief executive of the Scottish property portal ESPC, urges would-be sellers to beat the springtime rush and list as soon as possible, before more properties come to market. “Homeowners who are considering

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