Category — Scotland

The RICS house price balance declined at the fastest pace since July 2005 but limited supply is still propping up the market, says RICS’ UK Housing Market Survey.

Surveyors reported that house price growth remained negative for the third month in succession.

22.2% more Chartered Surveyors reported a fall than a rise in house prices, down from 14.9  in September -  the fastest decline in sentiment since July 2005 when 30.9%Chartered Surveyors reported a fall than a rise.
However, new instructions declined for the fifth consecutive month. 17% more Chartered Surveyors reported a fall than a rise in new instructions to sell property. 

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When investors think of sale and leaseback, Scotland is not a destination that automatically comes to mind.However, Dublin-based property firm Sale and Leaseback has launched a fractional ownership scheme onto the market at a castle holiday village in Ayrshire, west Scotland.

The Brunston Castle Holiday Resort is a scheme of three-bedroom bungalows in a rural setting in the Girvan valley area of the Ayrshire countryside, 15 minutes’ drive from the coast and 25 minutes’ drive from Prestwick airport.

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