Scotland’s voted and decided to stay part of the UK, are you wondering what this could mean for the Scottish property market?
One of our agents Century 21 gave us their opinion:
At Century 21 UK, we were delighted with the result of the Scottish referendum on independence as we believe the property market functions best when there is greater stability and certainty. A ‘No’ vote provides this whereas a ‘Yes’ would have meant a further period of economic and regulatory uncertainty when many fundamental questions would remain unanswered.
Scotland can now unite and work together to ensure economic prosperity for all within the Union. Over the course of the past 18 months the housing market has shown signs of strength and growth not seen for some time and, particularly in Scotland, we now feel we have the best circumstances – both politically and economically – to build on these stable foundations. House prices have shown a steady improvement and lenders appear to be much more willing to lend to Scottish borrowers which can only be good news for the housing market North of the border.
As throughout the UK, there remains an undersupply of property and new-build starts need to rise – with a clear message from the Scottish people, we now have an environment which will be more enticing for housebuilders and lead to greater investment. Our Group’s estate agency and financial services businesses fully support the Scottish housing market and we believe there is a positive outlook for our own operation both here in Scotland and in rest of Great Britain.
Do you agree? Tell us your opinion now…