Category: Property Market News
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Is the Bank of Mum and Dad Harming the Property Market
Read the article: Is the Bank of Mum and Dad Harming the Property MarketA recent report published by Legal & General showed that the so-called ‘Bank of Mum and Dad (BOMAD)’ will finance 26 per cent of all mortgages in the UK in 2017, placing it in the Top 10 of the UK’s top lenders. With mortgage approvals reportedly having dipped for the second month in a row,…
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Property Market Update May 2017
Read the article: Property Market Update May 2017Property Prices Rise as Sellers Market Continues Continuing the trends that we have seen so far in 2017, the latest reports published by ESPC show that the price of property throughout East Central Scotland is continuing to rise and that selling times are continuing to fall. The most recent statistics show that the average price…
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What Will the Triggering of Article 50 Mean for Property Prices in Scotland?
Read the article: What Will the Triggering of Article 50 Mean for Property Prices in Scotland?After the EU Referendum, recriminations and subsequent political infighting, Article 50 was finally triggered on 29 March 2017, marking the start of the process of the United Kingdom leaving the European Union. So, what exactly will ‘Brexit’ mean for the property market in East Central Scotland, Scotland and the UK as a whole? Isabelle Taylor,…
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Property Market Update April 2017
Read the article: Property Market Update April 2017Selling Times Fall While Property Prices Continue to Rise As we have seen throughout 2016 and the first quarter of 2017, the latest house price reports published by ESPC show that house prices are continuing to rise across East Central Scotland with selling times continuing to fall. A recent report from ESPC reveals that the…
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Property Market Update March 2017
Read the article: Property Market Update March 2017House Prices Continue to Rise While Selling Times Continue to Fall Continuing the trend that we saw through 2016 and at the start of 2017, the latest house price report from ESPC revealed this month that house prices are continuing to rise whilst selling times are falling. For the period from December 2016 to February…
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Property Market Update February 2017
Read the article: Property Market Update February 2017House Prices Continuing to Increase and Selling Times Continue to Fall Continuing the trend that we saw throughout 2016, latest reports from the Edinburgh Solicitors Property Centre (ESPC) show that house prices throughout East Central Scotland increased 3.7% in the period from November 2016 to January 2017 when compared with the previous year. Whilst house…
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Repossessions At Historic Low but Set to Rise
Read the article: Repossessions At Historic Low but Set to RiseFears that repossessions rates are set to rise again Towards the end of 2016, the Council of Mortgage Lenders (CML), which represents banks, building societies and other lenders, released figures showing that the total number of repossessions was at its lowest level for 34 years. The CML’s figures showed that a total of 7,700 homes…
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The Best Performing Areas in the Edinburgh Property Market
Read the article: The Best Performing Areas in the Edinburgh Property MarketRecent figures have revealed the top performing areas and property types in Edinburgh and the results may surprise you. Recent ESPC figures have revealed that, between October and December 2016, the best selling type of property was two bedroom flats in the Leith and Corstorphine areas of Edinburgh. So why are these areas and this…
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Your Local Property Market Update January 2017
Read the article: Your Local Property Market Update January 2017As Donald Trump starts his stint in America’s Oval Office with a quiet few days designed to spread love, peace and harmony throughout the world and the UK government tabling the Parliamentary Bill for the UK to exit the EU following June 2016’s ‘Brexit’ vote, it’s looking like being an eventful 2017. We take a…
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