Its ‘Big Six’ research, which tracks residential development activity, prices and rents across Glasgow, Edinburgh, Bristol, Birmingham, Manchester and Leeds, tells a story of contrasting fortunes for property sales growth in Scotland’s two biggest cities.

While Glasgow recorded a 5.6% rise in sales values year-on-year, Edinburgh’s market cooled to 2.5%.

Elsewhere, Glasgow saw rental prices of its city centre apartments grow 14.6% annually, while Edinburgh also performed strongly, recording a 12% advance.

JLL’s research also forecasts Edinburgh will be the joint strongest performing rental market over the next five years, with rental growth matching the 22.2% increase also predicted in Birmingham.

Makela Milne, residential director at JLL Scotland, said: “Glasgow’s house prices continue to show resilience despite the challenges posed by higher mortgage rates. Recent housing developments on the city’s fringes have sold well, showing price growth and high levels of demand. This trend is welcome and provides support for Glasgow City Council’s ambition to increase the city centre’s residential population.

“Glasgow has a strong appeal to students and young professionals, supporting demand among both homeowners and buy-to-let investors. Another interest rate cut later in 2024 will be welcomed by those looking to buy and should result in increased activity across all property types.”