The Chief Executive of one of the UK’s largest lenders has warned that, when interest rates go up, the number of repossessions could become a ‘tsunami’. All this just a day after the Bank of International Settlements (which I’ve seen described as ‘the Central Bank for Central Banks’) said that the policy of the Bank…
Summary – April has been a slow month and it’s partly Prince William’s fault… April is traditionally a good month for the property market, with longer days and better weather leading to more property sales and more people putting their properties on the market. However, April 2011 has been a slightly unusual month though owing,…
What’s Happening in the Property Market in August aka Did Anyone Actually Go on Holiday This Year? I’m not going to write a huge amount this month as, property-wise, it’s been a bit of a slow news month. Nothing particularly shocking has been published or indeed happened, I could have my regular rant about inconsistent…
Winter is traditionally regarded as not being the best time to put a property on the market, with many people choosing to wait until the spring arrives the following year. Conventional wisdom has it that if you put your property on the market in late autumn or winter, there might be little or no interest…
This month is usually the month of the year when estate agents around the country breathe a huge sigh of relief after the usual Spring rush of property sellers looking to get their properties onto the market. They will usually put their feet up, look out the window and wonder why it’s still 12 degrees…
Hope you enjoyed the longest day of the year. About the only thing that can be said is that we had an extended period of daylight in which to watch the rain stoating off the pavements outside our windows. This isn’t a random whinge…the property market in June certainly hasn’t been helped by the weather. Below…
I was asked recently to provide some predictions for a national newspaper about where the property market was heading for the next couple of years. The questions got me thinking in some detail about these issues and I ended up writing a lot more than I actually sent back to the paper: certainly more than…
In many cities in Scotland, marauding non-solicitor estate agency chains entered the Scottish estate agency market in the early 1970s and mounted a very serious challenge to the traditional dominance that solicitors had in the marketing and sale of property in Scotland. For those of a younger generation, particularly in areas dominated by these national…
The monthly Royal Institute of Chartered Surveyors (RICS) Survey has just come out and makes for fairly gloomy reading. However, what it is saying is not what we are seeing in the parts of Scotland we operate in so please note the comments later in this piece after the coverage of what the RICS survey…
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