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Insider UK
Insider UK
Business
Peter A Walker

INSANE: Housing demand falls while prices continue to rise | Vintage Vibes

The Scottish housing market continues to weaken, with last month bringing another decrease in buyer demand and agreed sales - although prices were still increasing.

That's according to the October Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS), which recorded that demand for residential property fell for the sixth consecutive month in Scotland, with a net balance of -45% of respondents reporting a fall in new buyer enquiries.

A net balance of -48% of surveyors reported that newly agreed sales fell in the month of October.

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