Author: Robert Carroll

  • Why Winter is a Good Time to Sell Property in Scotland

    Contrary to popular belief, winter can be a great time to sell property in Scotland! While spring and summer are usually the busiest times to market your home, it’s not always the best time to sell. Smart sellers will consider selling when demand is high but supply is low. Why Winter is a Good Time…

  • Property Market Update October 2018

    Property Prices in the East of Scotland Continue to Rise High demand from buyers is driving up selling prices, according to the ESPC. Between July and September 2018, average selling prices in east central Scotland rose by 6.2% to £250,991 compared to the same period last year. In Edinburgh, the average selling price rose by…

  • Property Market Update September 2018

    Scotland Continues to Buck UK Housing Market Trends With Brexit negotiations continuing to hit the headlines, any impact on the housing market doesn’t seem to have dampened people’s enthusiasm for home ownership in east central Scotland. There has been a further increase in the number of properties coming to market compared to last year, which…

  • Will Brexit Impact the Property Market and Prices in Scotland?

    The country is divided on Brexit, so too are opinions regarding Brexit’s impact on the property market. There are clearly differences in property market trends across the country, but can this be attributed to the uncertainty over Brexit or other factors? With Brexit negotiations reaching the sharp end, we take a look at the impact…

  • LBTT Additional Dwelling Supplement – Does it Apply to Your Property Purchase?

    The Additional Dwelling Supplement (ADS) tax that might apply to a property purchase in Scotland is a complicated area and one that can be difficult to understand. It is often payable in addition to Land and Buildings Transaction Tax (LBTT) which replaced Stamp Duty in Scotland in 2015. However, there are situations where ADS is…

  • Property Market Update August 2018

    Positive Sign for Property Buyers Since last month there has been a continued upswing in the number of properties coming to market in east central Scotland compared to last year, which is a positive sign for buyers. According to the ESPC, the number of new homes brought to market between the months of May and…

  • What Does the Interest Rate Rise Mean for the Property Market in Scotland?

    On 2 August 2018, the Bank of England raised the interest rate for only the second time in a decade. Interest rates have increased from 0.5% to 0.75%, the highest the rate has been since March 2009. But how will this affect you and what does it mean for the property market? Variable or Tracker…

  • Property Market Update July 2018

    Upswing in Properties Coming to Market and Property Prices There are encouraging signs of an upswing in properties coming to market in east central Scotland which is good news for buyers. The number of homes brought to market between April and June 2018 increased by 3.2% compared with the same period last year, according to…

  • Land and Buildings Transaction Tax (LBTT) First-Time Buyer Tax Relief Introduced in Scotland

    New tax relief for first-time property buyers came into effect in Scotland from 30 June 2018. The threshold for Land and Buildings Transaction Tax ( LBTT) (the Scottish version of Stamp Duty) is now £175,000 rather than £145,000. However, first-time buyers of properties over £175,000 also benefit from the relief. LBTT Savings – Examples Here’s…

  • Welcome to Hollywood!

    You’d be forgiven for doing a double take if you stopped by MOV8’s office in Edinburgh on Friday, 29 June. It wasn’t a gathering of Hollywood’s finest, but staff participating in a movie-themed fancy dress day, living the surreal dream of working for MOV8 dressed up as their favourite movie characters and all in aid…