PROPERTY prices have soared across Scotland following lockdown restrictions being lifted on the market.

In August, s1homes saw the average house price of properties advertised on their site increase by 6% compared to the previous year.

Areas such as Glasgow and Renfrewshire saw the largest increases.

Comparing asking prices to January, pre-Covid, s1homes report a 4% rise.

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Their website traffic is also outperforming pre-Covid levels and in comparison to last year, with August visits up 6% compared to 2019.

However, with the government furlough scheme coming to an end on October 31st and sister site predicting a further surge in redundancies and an expected fall in jobs advertised, s1homes believe the pent-up demand driving the sellers’ market will be short lived and asking prices will fall as the full impact of the Post-Covid recession hits hard.