House prices in Scotland have gone against the UK trend by rising over the last three months, Royal Institution of Chartered Surveyors (RICS) figures suggest.
An RICS residential market survey found a net balance of +18% of respondents reported house prices rising in the past three months. Across the UK, this figure was -2%.
However, the survey found levels of activity in Scotland's housing market has fallen back in the past month. Inquiries by potential new buyers were reported as lower in September than in August, with a net balance of -15%. There was also a drop in levels of newly agreed sales, at a net balance of -20%, and in new instructions to sell with a net balance of -12%.
In the short-term, respondents pointed to political uncertainty around Brexit impacting the market, but taking a longer-term view a net balance of +45% expected house prices to be higher than present in a year's time.
Respondent Greg Davidson, of Graham + Sibbald in Perth, said: "Continued political uncertainty is holding back an otherwise stable market. This is stifling supply which restricts normal market movements."
