Category: Property Market News
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July Property Market Update 2023
Read the article: July Property Market Update 2023Property Market Highlights Registers of Scotland Property Market Report 2023 Released The Registers of Scotland’s 2023 Property Market Report, released late last month, revealed several fascinating insights. Here, we’ll highlight some of the most interesting findings from the report. Average Scottish House Prices Hit £216,337 Between 2022-2023, Up 7.1% From 2021-2022 According to the latest…
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June Property Market Update 2023
Read the article: June Property Market Update 2023Property Market Highlights House Prices Across Key Local Markets Rose by 0.4% Between March – May 2023, Taking the National Average Property Price to £274,162. In May, we saw a shift in the Scottish housing market as house prices experienced a slight decline, following the broader trend seen across the UK. This month, we’re seeing…
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April Property Market Update 2023
Read the article: April Property Market Update 2023Property Market Highlights Mortgage Rates Fall & Mortgage Availability improving This March saw a welcome fall in mortgage rates, with some offering 4% on lower loan-to-value products. Moreover, typical costs for two- and five-year deal mortgages decreased, falling back to match the rates shown in October 2022 despite The Bank of England raising the Bank…
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March Property Market Update
Read the article: March Property Market UpdateProperty Market Highlights Average house prices in Scotland hit £187,000 with certain areas still providing strong growth Certain areas still buoyant despite economic landscape, including, Dunfermline, Leith and Musselburgh Despite certain headwinds property prices remain strong with 80.7% of properties achieving 103.6% of their valued worth Properties Across Central Belt & Borders Rose 2.2%, Hitting…
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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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