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Insider UK
Insider UK
Business
Peter A Walker

Scottish house prices predicted to rise 20% by 2024

More homes are expected to be sold across 2021 than in any other year since 2007, according to estate agent Hamptons

A strong first half of the year, as buyers rushed to make stamp duty savings and changed lifestyles and locations, means more homes will have sold in 2021 than in any year since 2007, according to its analysis.

By the end of 2021, it forecasts that 1.5 million homes will have been sold across Britain.

House price growth is expected to slow in the coming months, although values across Britain are still predicted to be 13.5% higher by 2024.

Hamptons said it expects house prices in Scotland to rise by 20% over the period.

Aneisha Beveridge, head of research at Hamptons, said: “The housing market has confounded expectations and forecasts in past months - back in the autumn of 2020, such were the economic challenges being faced that we could not have envisaged the extraordinary demand for relocation which we have seen this year.

“But there has been a huge attitudinal change towards property, which cannot be attributed to the stamp duty holiday alone.”

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