The Scottish Government laid-out its Budget on Thursday, 14 December 2017. The Finance Secretary, Derek Mackay, still requires Parliament to pass the Budget so it is possible that there will be further changes made before it is fully implemented. The most notable change that might affect the property market in Scotland was the introduction of…
November 2017 has been a busy month for property news, with an interest rate rise, details of a cut to Stamp Duty announced in the Chancellorโs Budget and a continued trend of demand outstripping supply. For full details, read on! Stamp Duty Exemption Announced, But Scottish Buyers Shouldnโt Get too Excited The Chancellor of the…
In early November 2017, the Bank of England announced that it was raising interest rates for the first time in 10 years.ย Interest rates have increased from 0.25% to 0.5%, the first rise weโve seen since July 2007. But what does this mean for you? Variable or Tracker Rate Mortgages Across Britain, 9.2 million households have…
To any buyers or sellers who are new to the Scottish property market, they will quickly be introduced to the concept of โconcluded Missivesโ or โconclusion of Missivesโ. The importance of conclusion of Missives cannot be underestimated as it has serious legal, and practical, implications for property buyers and sellers. Although it can be a…
The days are getting colder and the nights longer and thereโs no denying that Winter is well and truly here. But why does that mean that itโs a great time to sell a property and to get the best price in Scotland? Why is Winter a Great Time to Sell? Spring has traditionally been regarded…
Property Prices Continue to Climb Across Scotland The latest figures released in October 2017 by Registers by Scotland indicate that the average price of a property in Scotland for the month of August 2017 was ยฃ146,354, representing an increase of 3.9% on August of the previous year. This represents a decrease of 0.5%, however, when…
We know that everyone loves an early Christmas present, so this year weโre offering our best ever Winter Promotion for property sellers! Anyone who signs-up to sell with MOV8 before 31 December 2017 will benefit Estate Agency fees starting at just ยฃ995 inc VAT plus, for a limited time only, absolutely no upfront costs! Yes,…
Due to the expansion of our Conveyancing Department, and in order to provide the best working environment for our legal and Head Office teams, MOV8 Real Estate is delighted to announce the opening of our new Head Office at the Gyle. Hello, South Gyle! Our new Head Office is located at 6 Redheughs Rigg, South…
Closing Dates are a peculiarity of the Scottish property market. They work hand in hand with the concept of Notes of Interest. Having recently spent several hours trying to explain to a group of estate agents in England and Wales what both of these things mean, with mixed results, it highlighted how confusing the topic…
Property Prices Continue to Climb Across Scotland Figures released in September 2017 by Registers by Scotland indicate that the average price of a property in Scotland for the month of July 2017 was ยฃ149,185, representing an increase of 4.8% on July of the previous year. The increase from June 2017 was reported as being 2.8%.…
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