The number of property sales in Scotland during January was the highest recorded since 2008, according to figures from Your Move.
The agency reports that the number of sales agreed in January was 24% higher than in the same month last year.
Midlothian recorded the most significant sales surge, with the number of transactions 38% higher in January when compared with the previous year.
As a result of this heightened activity north of the border, the average property price in Scotland increased by 0.8% in January, bringing it up to £171,079.
According to the figures, the best house price growth has been recorded in Stirling, where the average property is now worth 13.5% more than it was a year ago.
“Property transactions in Scotland are easily outpacing sales south of the border, as England and Wales only saw a 1% rise over the same time period,” says Christine Campbell, Your Move managing director in Scotland.
“The surge in Scottish home purchases has been propelled by second-home and buy-to-let buyers eager to avoid paying the 3% Land and Buildings Transaction Tax (LBTT) surcharge.”
“As this tax hike was only announced in December’s Scottish Budget, January’s surge in sales may only be the tip of the iceberg.”
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