The Scottish Property Podcast
2024 Unveiled: Top Property Experts Share Insights & Predictions in Our Scottish Property Podcast New Year Special!
Jan 1, 2024
A special New Year's Day episode of the Scottish Property Podcast featuring insights and predictions from property experts across Scotland, discussions on the recovery of the rental market in Aberdeen, strategies for flipping properties under 200 grand and getting into commercial property, challenges and lessons learned from projects, setting goals and expanding businesses, predictions for the housing market in 2024, and gratitude for the podcast community and upcoming networking events.
52:45
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Quick takeaways
- The Scottish property market is expected to stabilize in 2024, with a slight decrease of 1-2% in property prices anticipated but potential increases in Aberdeen later in the year.
- Aberdeen and Dundee are experiencing rental market growth, with increased demand, rising rental rates, and high investor interest, making them attractive cities for property investment.
Deep dives
Expectations for Property Prices in 2024
Some experts predict a small decline of 1-2% in property prices in Scotland, with potential increases in Aberdeen later in the year. There may be a slowdown in the rest of the cities, but an overall slight increase in prices is anticipated. While mortgage rates may impact certain segments of the market, there is still competition for properties under £100,000. Some lenders predict a 2-4% drop in property prices, while others forecast a 2% increase. Overall, the market is expected to go relatively sideways and stabilize in 2024.
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