No vote will provide a boost to Scottish property sector

The National Association of Estate Agents says the No vote on independence will serve as a boost for the Scottish property market.

NAEA managing director Mark Hayward says the vote will lead to a “less frenetic housing market” and will spark an increase in activity levels.

Hayward says: “With the outcome now certain and Scotland voting to remain part of the United Kingdom, we can expect to see some positive movement in the Scottish housing market – good news for Scottish estate agents and their customers who can now look forward to a less frenetic housing discussion and market.

“Although the outcome does not necessarily guarantee clarity for the market, the mist of ambiguity will clear much earlier than if the outcome to Scottish independence was ‘Yes’.”

However, he adds: “[The increase in activity] could disrupt house prices in the short-term, although not significantly.

“The existing concerns around increases in interest rates and a significant hike in stamp duty will undoubtedly have a bigger impact over the next 12 months.”