FIELD FACTS

From Ran Morgan, Head of Scotland Residential at Knight Frank Whilst elections can cause hesitation, the property market is still active. The UK economy remains on a growth trajectory, sterling is attractively positioned, interest rates are low and equities are buoyant. According to the House Price Sentiment Index, sentiment sits at a level which suggests steady rather than spectacular growth. This contrasts with a squeeze on real incomes from rising inflation. Edinburgh property prices rose by 1.1 per cent in Q1 2017 taking annual growth to 3 per cent. The number of new homes listed was 38 per cent lower in Q1 2017 compared with a year earlier. Viewings are up 32 per cent over the year to March 2017 compared with the previous year.