Demand for property in Scotland continues to grow

By The Newsroom
Published 13th Feb 2014, 07:11 BST
Demand has continued to outstrip supply in the Scottish housing market. Picture: TSPLDemand has continued to outstrip supply in the Scottish housing market. Picture: TSPL
Demand has continued to outstrip supply in the Scottish housing market. Picture: TSPL
HOUSE prices are continuing to rise as demand for properties surges ahead of supply, according to the Royal Institution of Chartered Surveyors (RICS).

The number of potential buyers outstripped homes coming on to the market for the ninth consecutive month in January, with 27% more surveyors reported increases rather than decreases in new instructions, with a balance of 37% more reporting a growth in demand.

The monthly RICS residential market survey found the imbalance in the market has continued to force up the cost of a home, with 38% more surveyors noticing an increase in prices.

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