Archive for the ‘News’ Category

The introduction of the Land and Buildings Transaction Tax (LBTT) last year ago was designed to make buying a home in the lower to mid prices range more affordable – and having had time to assess its impact, the evidence a year down the line shows the new tax has led to a whopping 11 […]

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, […]

According to Bank of Scotland’s Seaside Towns Review, the average house price in Scotland’s seaside towns has grown by 39 per cent – equivalent to £348 per month since 2005, which exceeds the 32 per cent increase for all seaside towns in Britain. Interestingly, while seven of the top 10 coastal towns with the biggest […]

Standard Missives add to government-backed Help to Buy to make buying a new house far simpler. April saw the supply of properties to the market increase for the first time in three months, according to the latest RICS Residential Market Survey. However, demand still outpaces supply, which is pushing up price expectations and more chartered […]

Mark Twain’s quip about lies, damned lies and statistics could have a ring of truth given the various factors that continue to skew property market statistical reports. Most recently it was Registers of Scotland, whose figures for January to March 2016 reveal the volume of property sales rose 18.2 per cent compared to the same […]

How long does it take to complete missives on a house purchase? Ten years ago it was possible within five days, but in these risk-averse times, the reality is a minimum of six to eight weeks and sometimes as much as 10 weeks to complete missives, which basically puts the Scottish system on a par with […]

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 […]

Something that will strike a chord with many reading this – Bank of Scotland’s latest How Scotland Lives research underlines the extent to which parents feel under pressure to help their children financially, whether to help pay university or higher education costs, repay debt, or help with the costs of buying a first home. In the […]

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 […]

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