Scotland Leads the Way for Property Hotspots - Urban Union Ltd

Scotland Leads the Way for Property Hotspots

The property hotspots for sellers in every region of Britain have been revealed following research from Rightmove.

Since June 2021 when the restrictions eased up and the property market opened, record numbers of people have looked to move home in the UK. The driving force behind this surge in home movers is a once-in-a-generation re-evaluation of people’s priorities. With long periods of working from home and home schooling, people have realised the importance of their environment and are seeking more space inside and out, to accommodate their new way of living. Although life is slowly going back to normal, many people are continuing to work from home either full or part time.

Rightmove has compared 13 million property listings, tracking the journey of a property going up for sale right through to being sold. The portal found that seven in ten sellers across Great Britain found a buyer between June 2020 and June 2021, which is the highest percentage recorded in a decade.

In addition, over half of properties up for sale successfully found a buyer between 2012 and early 2020, which highlights how exceptionally busy the market has been over the last twelve months.

According to Rightmove, Scotland is often where sellers are most likely to find a buyer, whilst London has the least. In fact, 89% of Scottish sellers have found a buyer for their properties whereas in London this figure was just 48%.

If you are considering purchasing a home in Scotland, take a look at our developments.