It’s been a busy old month in Scottish property news, with lots of seemingly contradictory stories coming out. So what is the real picture? Is an interest rate rise imminent? What effect has the Mortgage Market Review had so far? We are now almost halfway through the year and about as far into the World…
The changes that came into force regarding mortgage lending at the end of April have been a hot topic in the press this past month.ย http://www.heraldscotland.com/business/personal-finance/tougher-rules-will-hit-buyers-looking-for-loan.24054191ย The main change brought in by the Mortgage Market Review (MMR) is that people now have to go through more stringent affordability checks and to provide more information about spending levels.…
After the Easter holiday, May has been a month punctuated by various bank holidays, local holidays and public sector holidays, seriously affecting the ability to settle house sales or arrange mortgage finance or find property buyers who werenโt away to the coast for the weekend. ย In spite of this, the property market continues to build…
Welcome to my property market update for February 2013! The Press hasn’t been too intent on destroying public confidence in the housing market this month, which is good to see. Indeed, that’s been a few months where it appears that Scottish Independence and the trams in Edinburgh have bumped more general property market news off…
As I write my first property market update of 2012, I have just listened to to The Beatles’ ‘Here Comes the Sun’ and have been unable to resist a little wry smile. For those of you whose properties are still standing and have an entire roof after the hurricane and extreme weather that we saw…
The Nationwide bank’s monthly property prices survey suggests that property prices across the UK are remaining very static, having fallen 0.2% in the past month. http://uk.reuters.com/article/2011/05/04/uk-house-prices-fell-02-pct-in-april-nat-idUKLNE74301I20110504 Whilst this might look like bad news, after a few years of uncertainty in the property market, I’d suggest that many property owners will take stability over runaway inflation…
Green Shoots Itโs been quite a start to the year and one that we didnโt expect.ย Breathe it softly butโฆthe property market in Edinburgh at least seems to be returning to some semblance of health.ย If youโve been following my updates for some time now then youโll know that I have been fairly unoptimistic about…
Itโs the end of 2009 and I thought that Iโd stick with tradition and make my predictions as to what will happen in the property market in 2010.ย Since these are only predictions and not rocket science, and Iโll be the first to admit that I could be completely wrong with any predictions that I…
February has been a good month for significant news about the property market, with important figures and predictions emerging. For our summary of the month’s important property news, read on!
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