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Insider UK
Insider UK
Business
Peter A Walker

Scottish new home sales fall as demand and stock continue to decline

Demand for residential housing in Scotland continues to ease, but the lack of supply is still driving house prices up, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

In July, a net balance of respondents reported a decrease in new buyer enquiries - falling 37%, this was the third consecutive month in negative territory.

At the same time, the net balance of respondents (-44%) reported a fall in new instructions to sell, meaning stock on the market is limited.

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