Property prices in Scotland increased by 1% in the final quarter of 2014, following two quarters with no change.
Prices at the end of the year were up 2.1% following a 1.6% change in 2013, according to research by Knight Frank. The Q4 rise came alongside an increase in buyer demand following the result of the Scottish referendum.
The number of potential buyers registering interest in purchasing a property with Knight Frank was 18% higher in Q4 than the same period in 2013, with a similar increase in viewings. Sales were more than 50% higher during the same period.
Knight Frank head of Scotland residential Ran Morgan said: “The announcement of the proposed land and Buildings transaction tax rates in October has already encouraged vendors and homebuyers in the prime market to make quick decisions to avoid the increased tax burden.”
