Category: Property Market News

After a strong year for Scotland’s property sellers in 2017, we look forward and predict what will happen in the property market in 2018. Demand Will Continue to Outstrip Supply 2017 has been a year characterised by a lack of new properties coming to the market to meet the needs and demands of Scotland’s property…

The ESPC’s November House Price Report contained a number of interesting insights into the property market in East Central Scotland. However, the stand-out statistic was that the price of two bedroom flats in Edinburgh’s New Town and West End has risen by almost 27% in the past three months. Can this really be true? The…

The Scottish Government laid-out its Budget on Thursday, 14 December 2017. The Finance Secretary, Derek Mackay, still requires Parliament to pass the Budget so it is possible that there will be further changes made before it is fully implemented. The most notable change that might affect the property market in Scotland was the introduction of…

November 2017 has been a busy month for property news, with an interest rate rise, details of a cut to Stamp Duty announced in the Chancellor’s Budget and a continued trend of demand outstripping supply. For full details, read on! Stamp Duty Exemption Announced, But Scottish Buyers Shouldn’t Get too Excited The Chancellor of the…

Property Prices Continue to Climb Across Scotland The latest figures released in October 2017 by Registers by Scotland indicate that the average price of a property in Scotland for the month of August 2017 was £146,354, representing an increase of 3.9% on August of the previous year. This represents a decrease of 0.5%, however, when…

Property Prices Continue to Climb Across Scotland Figures released in September 2017 by Registers by Scotland indicate that the average price of a property in Scotland for the month of July 2017 was £149,185, representing an increase of 4.8% on July of the previous year. The increase from June 2017 was reported as being 2.8%.…

Prices Across Scotland and the UK Rising The latest figures released by Registers of Scotland indicate that the average price of a property in Scotland in June 2017 was £144,253, representing an increase of 2.9% on June 2016. Commenting on this increase, Registers of Scotland’s Business Development and Information Director, Kenny Crawford, said: “Average prices…

The past month has seen a variety of conflicting reports in the Press about property prices ranging from ‘Experts say house prices could plummet by 40 PER CENT in crash similar to 1990s’ to articles about house price rises causing a lack of affordability for buyers. In the face of such varied reporting, here is…

Scottish property market shows resilience as house price growth and sales fall across the rest of the UK This month, the BBC and various other news outlets reported the latest Halifax House Price Index which showed an easing in the growth of property prices across the UK as a whole, with year-on-year house price increases…

The UK General Election results are in and we have a ‘hung parliament’, 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 it’s a majority coalition, a…