A new survey has revealed that house prices in Scotland continue to remain steady.

It is thought growing demand, as well as a lack of supply of properties, has contributed to the results.

The findings, by the Royal Institution of Chartered Surveyors (RICS), are said to be in contrast to the rest of the UK where both house sales and new buyer demand has fallen sharply.

For the month of July, demand for homes in Scotland grew, with more surveyors reporting an increase in new buyer inquiries. There was also a rise in the number of properties entering the market, with 8% of respondents noticing an increase.


More surveyors reported price rises over the month, with almost a third (32%) saying they expected prices to increase over the next three months.

Sarah Spiers, RICS Director, Scotland, said: "The housing market in Scotland continues to show an imbalance between supply and demand in Scotland and this impacts on prices.

"With demand from new buyers at the highest rate since December 2013 and fewer properties coming onto the market, there is certainly the need for investment in regeneration and creation of new stock in order to keep prices at a sustainable level."

(JP/IT)