Archive for the ‘Property News’ Category

The only way is up, it seems – the average property price in Scotland in Novermber 2016 was £143,033 – 3.3 per cent higher than previous year and an increase of 1.0 percent compared to the previous month. The latest UK House Price Index (UK HPI) from Registers of Scotland, shows that this compares to […]

It’s a combination that traditional economics says should never really happen, but happen it has. In a report released in September by the Royal Institute of Chartered Surveyors (RICS) it’s been found that house prices in Scotland have continued to rise despite the fact that there have been fewer enquiries than in previous months. The […]

Current upheavals aside, the total value of the residential sales market in Scotland from 2006 to 2016 was just over £148.2 billion, according to a new report published today by Registers of Scotland (RoS) which details the trends over the decade’s peak years, and in the wake of the economic downturn. Kenny Crawford, RoS’ director of […]

Strutt & Parker’s recently published Housing Futures III report highlights key trends shaping the UK’s residential market, which most notably include increased demand for rural locations. In Scotland, 33 per cent of those surveyed wanted their future home to be rural or in a village, while 23 per cent wanted to buy in the city, […]

The West End of Glasgow has long had its own unique micro property market and Savills’ latest in-depth research into the area shows it continues to out-perform the UK as a whole. It also highlights the imbalance between supply and demand for West End properties is resulting in activity spilling over into adjacent locations, one […]

The RICS UK residential survey for March 2016 reveals activity in the Scottish housing market picked up, while demand continued to outpace new supply coming to the market pushing price expectations higher. Sarah Speirs, RICS director in Scotland, comments: “As expected, we saw the final buy-to-let rush drive an increase in newly agreed sales last […]

Letting is rising in popularity across all ages – and nowhere more so than in the north of Scotland, where CKD Galbraith reports a substantial surge in activity for high quality rental homes. Flora Badger, head of lettings across the Highlands, comments: “The letting market in general has been very buoyant since the start of […]

Bank of Scotland’s annual Affordable Cities Review reveals the rise in house prices in the past year has resulted in the third successive annual decline in affordability in Scotland’s seven official cities – Edinburgh, Glasgow, Aberdeen, Dundee, Stirling, Inverness and Perth. The picture that emerges shows Edinburgh to be the least affordable city; its average house […]

After the gloom and doom predictions for Scotland’s prime property market (from £400,000 to £1,000,000) in light of last year’s new Land and Buildings Transaction Tax (LBTT), it appears recovery in this sector, according to Savills’ research, outperformed Scotland’s overall market last year with the highest level of activity since 2007, which Savills puts down […]

Scotland faces ‘an enormous challenge’ to build the homes needed for a growing population, according to new research from UK property consultancy, JLL. In a new report entitled Rising to the Challenge, JLL warns Scotland is not building enough homes to meet either current demand or the Scottish Government’s current recommended targets for homes, with latest […]

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