Activity in Scotland’s housing market continued to slow through May, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
Forward-looking indicators suggest that expectations about further interest rate rises may introduce downward pressure on the market in the months ahead.
As was seen in April, demand and supply levels in Scotland remained in negative territory in the latest survey with a net balance of -34% of respondents reporting a fall in new buyer enquiries, down from -22% the month previous - and a net balance of -23% of surveyors reporting a fall in new instructions to sell.
