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What Will the Triggering of Article 50 Mean for Property Prices in Scotland?
Read more: What Will the Triggering of Article 50 Mean for Property Prices in Scotland?After the EU Referendum, recriminations and subsequent political infighting, Article 50 was finally triggered on 29 March 2017, marking the start of the process of the United Kingdom leaving the European Union. So, what exactly will ‘Brexit’ mean for the property market in East Central Scotland, Scotland and the UK as a whole? Isabelle Taylor,…
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Why Do Solicitors Settle Property Sales by Cheque and When do I Get My Money After Settlement?
Read more: Why Do Solicitors Settle Property Sales by Cheque and When do I Get My Money After Settlement?One of the most commonly asked questions by property sellers is: ‘When do I get my money after my property sells?’. However, we were recently asked a similar question: ‘Why do solicitors still settle by cheque when I could get my money much more quickly if they settled by CHAPS [same day, paid-for electronic transfer]?’.…
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Is Your Property Value Linked to Your Happiness?
Read more: Is Your Property Value Linked to Your Happiness?A recent Edinburgh People Survey (EPS) listed the areas in and around Edinburgh where people were most satisfied with living in their neighbourhood. The survey got us wondering: is there a link between general happiness and house prices? Popular philosopher and author, Alain de Botton, in his book, ‘The Architecture of Happiness’, states that, “We…
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Property Market Update April 2017
Read more: Property Market Update April 2017Selling Times Fall While Property Prices Continue to Rise As we have seen throughout 2016 and the first quarter of 2017, the latest house price reports published by ESPC show that house prices are continuing to rise across East Central Scotland with selling times continuing to fall. A recent report from ESPC reveals that the…
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The Best Performing Areas in the Edinburgh, Lothians and Fife Property Market
Read more: The Best Performing Areas in the Edinburgh, Lothians and Fife Property MarketRecently released figures have revealed the top performing areas and property types in East Central Scotland, and they may surprise you. Figures released by ESPC reveal that three bedroom houses in the Blackhall, Davidson Mains and Silverknowes area of Edinburgh increased in price by a staggering 26.7% from £287,054 to £363,743 between December 2016 and…
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Property Market Update March 2017
Read more: Property Market Update March 2017House Prices Continue to Rise While Selling Times Continue to Fall Continuing the trend that we saw through 2016 and at the start of 2017, the latest house price report from ESPC revealed this month that house prices are continuing to rise whilst selling times are falling. For the period from December 2016 to February…
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Offers Over, Offers Around and Fixed Price in Scotland
Read more: Offers Over, Offers Around and Fixed Price in ScotlandOffers Over’, ‘Offers Around’ and ‘Fixed Price’ are the three main tactics of pricing your home for sale in Scotland. With every property sale being unique, the best pricing tactic for your home will depend on a number of factors. To find out more, read on! Fixed Price Fixed Price is probably the most straightforward…
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Property Market Update February 2017
Read more: Property Market Update February 2017House Prices Continuing to Increase and Selling Times Continue to Fall Continuing the trend that we saw throughout 2016, latest reports from the Edinburgh Solicitors Property Centre (ESPC) show that house prices throughout East Central Scotland increased 3.7% in the period from November 2016 to January 2017 when compared with the previous year. Whilst house…
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Repossessions At Historic Low but Set to Rise
Read more: Repossessions At Historic Low but Set to RiseFears that repossessions rates are set to rise again Towards the end of 2016, the Council of Mortgage Lenders (CML), which represents banks, building societies and other lenders, released figures showing that the total number of repossessions was at its lowest level for 34 years. The CML’s figures showed that a total of 7,700 homes…
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