The Herald - Scotland's Homes - - Front Page -

RE­TAIL DI­REC­TOR SCOT­LAND & NORTH EAST (COUN­TRY­WIDE GROUP) “THOUGH the path ahead is cur­rently un­clear and short-term volatil­ity is likely, it is too early to spec­u­late what this means for house prices and vol­umes.

“The fun­da­men­tals for the mar­ket re­main: peo­ple will con­tinue to need some­where to live and so as­pi­ra­tion for home own­er­ship and de­mand for qual­ity stock in the rental mar­ket will re­main strong.

“It is now time for those with ex­pe­ri­ence in the prop­erty sec­tor to help cus­tomers nav­i­gate the cur­rent un­cer­tainty.

“Slater Hogg & How­i­son’s role as a leader in the prop­erty sec­tor is to use our lo­cal ex­per­tise and knowl­edge to nav­i­gate the com­ing chal­lenges “BREXIT is the po­lit­i­cal topic of the day and while some prop­erty com­men­ta­tors are pre­dict­ing con­trac­tion in the mar­ket, oth­ers are pre­dict­ing growth.

“In the fi­nal anal­y­sis, no one can ac­cu­rately pre­dict the fu­ture but to give the po­si­tion some bal­ance, growth or con­trac­tion in the cap­i­tal value of res­i­den­tial prop­erty is driven by the sim­ple pres­sure of nat­u­ral mar­ket forces mech­a­nised by sup­ply and de­mand.

“In­evitably there will be back­ground is­sues – cost of money, ex­change rates, con­fi­dence in the fu­ture, po­lit­i­cal un­cer­tain­ties, global is­sues.

“How­ever, the un­der­ly­ing trend is that there are more peo­ple who want to buy res­i­den­tial prop­erty than there are prop­er­ties be­ing built or are avail­able for sale, a clas­sic sup­ply de­mand im­bal­ance in favour of sell­ers.

“In Scot­land, the sup­ply de­mand pic­ture at present is more bal­anced, but we are not fac­ing Ar­maged­don and life will go on ir­re­spec­tive of the leave vote re­sult. and en­sure we can con­tinue to help cus­tomers across Scot­land to buy or rent the right home for them, while help­ing buy­ers se­cure the right mort­gage.”

“We an­tic­i­pate that in the short term trans­ac­tional ac­tiv­ity will re­duce slightly, af­ter which the dust will set­tle and while Brexit is ne­go­ti­ated, con­ven­tional mar­ket con­di­tions will likely pre­vail.

“The prime mar­ket should be able to cope with the tur­bu­lence of re­cent po­lit­i­cal and tax­a­tion chal­lenges and to con­tinue the value growth that had been un­der way prior to the Euro ref­er­en­dum.”

In Scot­land the pic­ture is more bal­anced and we are not fac­ing Ar­maged­don and life will go on ir­re­spec­tive of the leave vote



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