ONE-TIME Carbuncle Award nominee has been unveiled as Scotland’s unlikely new property hotspot following a record rise in house sales. The number of homes being sold in the West Lothian towns of Bathgate, Broxburn, Livingston, Linlithgow and the surrounding areas shot up by 23.1% in the last quarter, 17% faster than the rest of Scotland. The new […]
Archive for the ‘Property News’ Category
A new Quality of Life Index rates Scotland’s capital top because of low crime rates, affordable living costs, high salaries and fast broadband. The city has rocketed 97 places from 2013 when the survey was last done to hit the number one spot this year. The index from uSwitch.com assessed 138 UK cities and regions […]
House sales in Scotland reached a seven year high in July driven by “highly competitive” mortgage rates and lower stamp duty levels, a new report has found. Property sales jumped six per cent in a month, with buyers capitalising on lower rates introduced by the Scottish Government’s Land and Buildings Transaction Tax. Almost 10,000 houses […]
New scheme to focus on affordable homes. The Scottish Government will spend £195 million over the next three years on a new shared equity scheme to help around 6,500 households buy a new-build home. The successor to the existing Help to Buy (Scotland) scheme will focus on affordable homes, with eligible buyers receiving an equity […]
HOUSE prices in Scotland’s capital are growing nearly as fast as those in London, a new report has found. The value of property in Edinburgh jumped by eight per cent during the last 12 months, meaning the property market in Auld Reekie is catching up with what has traditionally been the UK’s most active hotspot, […]
A REVIVAL in sales of million-pound properties helped drive house prices up by an average of £4,300 in June. Estate agents say that a slowdown at the top end of the property market as a result of the introduction of the Scottish Government’s Land and Buildings Transaction Tax (LBTT) is coming to an end, with […]
The value of commercial property transactions in Aberdeen hit a three year-high in the second quarter of 2015, figures from the Registers of Scotland have found. Deals completed reached a total of £201 million over the period, driven by Legal & General’s £127m purchase of Aker Solutions 335,000 square foot headquarters at Aberdeen International Business […]
It’s been reported that a UK property site mistakenly valued a home in Stornoway, estimated to be worth £150,000, at more than £14m! The homeowners were quick to say that their semi-detached house is not actually for sale but let’s be honest, if there was £14m up for grabs, who wouldn’t seriously consider it? Luckily, […]
George Osborne’s Autumn Statement announced a change in the way stamp duty works. The government say that the new system will benefit 98% of us. If you are buying a home for less than £937,500 you’re likely to save money. Stamp duty will now be charged more like income tax. So, you’ll only pay the […]
Properties in Scotland on average sell for £8,000 more than their asking price Only detached houses now typically sell for less than their asking price Our latest quarterly house price report reveals that there is no longer a Reality Gap in Scotland. Interestingly, this is the first quarter in the report’s history where a Reality […]