In July 2016, the UK’s largest mortgage lender, Halifax, revealed that the number of people buying properties for the first time is on the increase. So how will this affect the property market in Edinburgh and the Lothians? Halifax’s figures show that 154,200 first time buyers were successful in the first half of 2016, compared…
As a report from the Halifax, the UK’s largest mortgage lender, this month showed, First Time Buyer activity is on the rise with 10% more property sales taking place in the first half of 2016, compared to the same period last year. Of course, saving for your first home can be a stressful and daunting…
It’s hard to believe that summer is here already and as we near the midway point of 2015 the housing market in Edinburgh and the Lothians has shown no signs of slowing down. At MOV8 we enjoyed another record-breaking month for sales, with the number of sales agreed in May up by 71% annually. A…
With reports in the media this month that average house prices in Scotland are growing at the longest sustained rate for four years, we thought we would examine ‘average house price’ surveys and the house price reports that lie behind these regular Press reports. So, can you trust house price surveys? Where do they get…
There’s been a lot written in the Press in the past few days about property prices. There’s been the usual house price reports from lenders, the RICS (Royal Institute of Chartered Surveyors) property market report, our own ESPC (Edinburgh Solicitors Property Centre) report too. The ESPC report is probably most applicable to ourselves as we…
Halifax, one of the UK’s largest lenders, reported that house prices in the UK have fallen by 1.4% in April when compared with March of 2011. http://www.bbc.co.uk/news/business-13331442 When compared with the same quarter of the year in 2010, prices are 3.7% lower. It should be stressed that the statistics are based on Halifax’s own mortgages…
Gosh, it’s been a short month and it feels like just yesterday that I wrote the last of these updates. But a month is a long time in the property market and there’s been plenty of news in the past month. In that time the news has been FULL of All That concerning the property…
Property market outlook 2011 – are you going to lose money or make money? Welcome to the first monthly property market update for 2011. Now that the world appears to have returned to some semblance of normality after the temporary paralysis induced by the white-out of December and early January, we’re going to have a…
Summary – April has been a slow month and it’s partly Prince William’s fault… April is traditionally a good month for the property market, with longer days and better weather leading to more property sales and more people putting their properties on the market. However, April 2011 has been a slightly unusual month though owing,…
For just a brief week or so there it looked like our ‘Top Ten Tips for Selling in Autumn’ might have been redundant as soon as they were published, with ‘Selling in Winter’ being a more appropriate title for the article. Thankfully, order seems to have been restored and the trees are turning a lovely…
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