In the run up to Scotland’s Independence referendum we’ve been asking you what impact you think independence would have on Scotland’s property market. More than 1200 of you had your say and here’s what you think…
Despite uncertainty over the result of the referendum and the potential rise or fall in property prices 59% of people said that the referendum has no influence on their decision to buy or sell at the moment.
The majority of people surveyed by s1homes believe that if Scotland were to become independent interest rates would rise and getting a mortgage would be harder, while the legal process would remain unchanged.
Across almost all regions and age groups the consensus is that getting a mortgage would be harder in the eventuality of independence. The only segments to disagree were those aged 55-64 who believe that getting a mortgage would be no different and those under 18 who are split evenly between believing that getting a mortgage would be easier and believing it would be harder.
Those currently living outside of Scotland are the least likely to buy property in Scotland until after the referendum, 50% said the impending referendum would make them less likely to buy or sell at the moment. The North East of Scotland followed with 35% of respondents less likely to buy or sell until after the referendum.
Those 65+ feel strongest that independence would result in the value of their home falling while those under 18, followed by those aged 18-24, feel strongest that property values would increase.
More men than women believe that independence would impact on the value of their home, while more women admitted to not knowing one way or the other.
Ewan Stark, s1 Managing Director, said: ‘The prospect of Scottish Independence continues to divide the country and the results of our survey reveal that there is little agreement on what independence would mean for Scotland’s property market either. The survey reveals a feeling of trepidation amongst Scots with the majority believing that independence would mean higher interest rates and that getting a mortgage would be more difficult.’
You can still take our survey now and have your say
Figures correct at time of publication 10/09/14