Property transactions in Scotland continued to fall in July, the Royal Institution of Chartered Surveyors’ UK residential market survey showed.
There was also a 40% rise in the number of respondents reporting a fall in new instructions. The number reporting a rise in prices was up 30% as a result of increased competition for the available properties.
The figures highlight the impact of the introduction of higher land and buildings transaction tax rates in 2015, the institution’s Scotland policy manager, Hew Edgar, said.
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