As part of the national Lomond Group, the firm stands at the forefront of the booming Scottish property market.

Edinburgh and Glasgow have been at the epicentre of this boom. Edinburgh saw its highest number of property listings in May since January 2021, signifying an unwavering market demand.

David Alexander, CEO of DJ Alexander Ltd, attributed this resilience to a heightened interest in detached and semi-detached homes, along with bungalows. In the wake of the pandemic, properties with outside space have seen their prices consistently surge.

Mr Alexander stated: “Average prices for detached homes in Edinburgh have risen 29.3% in the three years from March 2020 to March 2023 increasing from £586,173 to £757,719.

“In Glasgow the increase has been even higher rising 36.3% in three years from £328,901 to £448,346. In Scotland as a whole detached homes have increased 30.5% from £260,273 to £339,717.

“Demand in Edinburgh and Glasgow is far outstripping supply resulting in prices substantially above the home report. We had one property which sold for 35% over the home report which is a very strong result when the market is meant to be weakening due to higher mortgage costs.”

He concluded: “The strength of the market has been remarkable, and I think it will remain solid in the coming year.

“Demand does not seem to be reducing so sellers are having multiple notes of interest and many bids resulting in sale prices considerably higher than home report values.”