Housing market activity in Scotland was flat in February as a shortage of properties becoming available for sale continued to result in an increasing number of potential new buyers being thwarted, according to the latest RICS (Royal Institution of Chartered Surveyors) Residential Market Survey.
The number of properties coming onto the market (instructions to sell) failed to increase again in February, according to the survey, continuing a constrained supply trend that has been evident since 2015. As a result, newly agreed sales were flat last month, despite a rising number of new buyer inquiries.