Category: Property Market News
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February Property Market Update 2023
Read the article: February Property Market Update 2023Property Market Highlights Strong market activity continues despite rise in interest rates and economic uncertainty Average property prices increase across Scotland, continuing the 2022 trend 84.9% of properties sold for or above Home Report valuations at sale between November 2022 and January 2023 The median property selling time in January was 19 days, two days…
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January Property Market Update 2023
Read the article: January Property Market Update 2023Property Market Highlights 2022 closed with average Scottish house prices hitting £242,213 – an increase of more than £23,000 year-on-year. October to December 2022 saw the average price of properties across Edinburgh, the Lothians, Fife and the Borders rise to £291,023, an increase of 6.8% year-on-year. Sales volumes dropped by 13.7% and new properties coming…
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Property Market Update – Review of 2022 & Predictions for 2023
Read the article: Property Market Update – Review of 2022 & Predictions for 2023MOV8 has ridden-out the property and financial crash of 2008/09 and the Covid pandemic and lockdown of 2020. In spite of that, 2022 has been one of the most unpredictable years in the Scottish property market that I have ever witnessed. So that’s saying a lot! I thought it would be worth looking back at…
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November Property Market Update
Read the article: November Property Market UpdateProperty Market Highlights Scottish house prices continue to rise despite ongoing economic uncertainty Strong buyer interest continues Properties attaining 108.4% of their Home Report valuations at sale The median time properties are on the market just 14 days Interest Rates Set to Peak as Property Market Experiences Slowdown It’s been hard to escape the news…
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October Property Market Update
Read the article: October Property Market UpdateInterest Rate Rises, Mortgage Rate Rises and Their Effect on the Property Market in Scotland – The Big Read The UK Government’s recent “mini budget” turned-out to be the largest tax reduction exercise the UK has seen in the past 50 years. The lack of a fully-costed, independently-verified plan for how this was to be…
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September Property Market Update 2022
Read the article: September Property Market Update 2022Property Market Highlights Scottish property market continues to grow after surpassing milestone average house price of £200K. Predictions that property market growth may soon stall amid cost-of-living crisis yet to be seen in practice. Buyers continue to pay above Home Report Valuation at sale. Homes selling quicker year-on-year in local markets. Scottish Property Market Continues…
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August Property Market Update 2022
Read the article: August Property Market Update 2022Property Market Highlights Average Scottish house prices continue at record high beyond £200,000 milestone Property market remains largely unaffected by growing cost of living crisis. Supply and demand issues continue to cause growing house prices. Average House Prices in Scotland Continue to Grow Beyond Record £200,000 Milestone House prices across the UK have seen the…
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July Property Market Update 2022
Read the article: July Property Market Update 2022Property Market Highlights House prices continue to grow throughout Scotland. Properties are achieving and exceeding their Home Report valuations at sale in many areas. Supply and demand issues persist. Post-COVID lifestyle changes see people buying bigger homes further away from the city. House Prices Continue to Increase Throughout Scotland As we saw in our June…
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June Property Market Update 2022
Read the article: June Property Market Update 2022As we look forward to the summer months, we’ll take a look at what’s in store for the housing market in Scotland in the second half of this year. The relaxation of Covid restrictions, longer days and better weather have helped us all to feel more optimistic. Whilst the property market remains strong, we’ll examine…
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May Property Market Update 2022
Read the article: May Property Market Update 2022Property market highlights: Property prices continue to rise, with an 11.7% year-on-year increase in the average price Houses and properties with more space continue to be the most popular The rising cost of living doesn’t appear to be affecting the property market as yet Property prices continue to rise, with a 11.7% year-on-year increase in…
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