The UK General Election results are in and we have a โhung parliamentโ, with no one party being able to form a majority government for the second time in seven years. So, is the General Election result likely to be good or bad for the Scottish property market? Ultimately, whether itโs a majority coalition, a…
A recent report published by Legal & General showed that the so-called โBank of Mum and Dad (BOMAD)โ will finance 26 per cent of all mortgages in the UK in 2017, placing it in the Top 10 of the UKโs top lenders. With mortgage approvals reportedly having dipped for the second month in a row,…
We are commonly asked whether there is an advantage to selling your home through the same solicitor who did your purchase. With about 50% of properties in Scotland being sold through solicitor estate agents, itโs quite easy to find a solicitor in most parts of Scotland who can also market your home for sale. Itโs…
Property Prices Rise as Sellers Market Continues Continuing the trends that we have seen so far in 2017, the latest reports published by ESPC show that the price of property throughout East Central Scotland is continuing to rise and that selling times are continuing to fall. The most recent statistics show that the average price…
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 โBrexitโ mean for the property market in East Central Scotland, Scotland and the UK as a whole? Isabelle Taylor,…
One of the most commonly asked questions by property sellers is: โWhen do I get my money after my property sells?โ. However, we were recently asked a similar question: โWhy 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]?โ.…
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, โThe Architecture of Happinessโ, states that, โWe…
Selling 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…
Recently 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 ยฃ287,054 to ยฃ363,743 between December 2016 and…
House 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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