Fears 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…
2016 proved to be a surprising and at times tumultuous year, with the UK’s ‘Brexit’ vote to leave the EU and the election of Donald Trump as the next President of the United States of America. As 2016 draws to a close, we take a look back at your property market year in numbers. Volume…
The Bank of England Monetary Policy Committee’s decision to cut interest rates is good news for property buyers and sellers in East Central Scotland, say local solicitors and estate agents. The Bank of England’s Monetary Policy Committee voted unanimously on 4 August 2016, to cut the Bank Rate (commonly referred to as ‘’The Bank of…
While it is still too early to accurately measure the longer term impacts of the so-called ‘Brexit’ result of the UK’s referendum on EU membership, the housing market in Scotland has remained strong, say local solicitor estate agents. The Scottish property market is experiencing a 6 year high in the level of property sales, according…
At the end of July 2016, the property market in East Central Scotland is still showing extremely healthy buyer demand, say local solicitors and estate agents. Latest figures released by the ESPC for the period between April and June of 2016 show that the number of homes sold in East Central Scotland decreased by 5.6%…
The Bank of England Monetary Policy Committee’s decision not to cut interest rates for the immediate future gives cause for confidence in the Scottish property market, say local solicitors and estate agents. The Bank of England voted on 14 July 2016, by a majority of eight to one, to keep the Bank Rate (commonly referred…
Throughout 2015 and in the first half of 2016, the number of properties changing hands has been at the highest levels seen since the ‘credit crunch’ of 2008. As the leading property sales company in East Central Scotland, we wanted to share with you what we have been seeing happening in your local property market.…
This month we take our regular look at property sales and price trends, what might be on the horizon for interest rates, and of course how the recent result of the referendum on the UK’s continued membership of the EU might affect the property market. Property Sales Activity The latest figures released by the ESPC…
We have to admit that we were surprised by the outcome of the ‘Brexit’ referendum vote on the UK’s continued membership of the EU that took place on 23 June 2016. Living and working in Scotland, and seeing now that our nation voted overwhelmingly to remain part of the EU, we were perhaps insulated somewhat…
Property News Round Up May 2016 This month we take a look at property sales and price trends, the possible effect of the EU Referendum on house prices and also the likelihood of interest rates rising in the near future. Property Sales Activity Figures released by the ESPC for the period between February 2016 and…
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