The housing market in Scotland is facing an imbalance between demand and supply which is impacting on sales and pushing up prices.
The latest Royal Institution of Chartered Surveyors (RICS) market survey showed a net balance of +8% of respondents saying there was an increase in new buyer enquiries, although a net balance of -8% said there was a decrease in new instructions to sell; meaning an increase in demand for properties but a decrease in supply.
This is a trend that has been evident in the market in Scotland for the past seven months.
