Supply Constraints Drive Prices in Scotland
There has been steady growth in house sales and buyer enquiries in Scotland during March, and the number of properties coming onto the market continued to lag behind demand, pushing prices rapidly upwards. According to the latest RICS UK Residential Market Survey, the supply versus demand imbalance across Scotland led to 21% more surveyors reporting […]
Sharp Rise in Cash House Sales over £500,000
There has been a sharp rise in the number of cash sales of houses worth over half a million pounds, with numbers increasing by 19.6% in 2014 according to figures from Registers of Scotland (RoS). RoS defines a cash sale as an application for registration of a market value transfer of a residential property which […]
ESPC Reports Increase in Buyer and Seller Activity
The property market across Edinburgh, the Lothians and Fife continues to display positive signs, according to ESPC, with February 2015 seeing a 16% increase in house sales compared to the previous year, and seller activity increasing by 13%. In addition, the average house price in Edinburgh increased 15% annually for the three months to February […]
Scotland Needs Major Investment in Family Homes
Scotland’s largest cities need thousands of new family homes, according to a new Bank of Scotland report. The report revealed that more than three in five people in Scotland (62%) own their own home, with 29% owning the property outright while 33% have a mortgage. Over a third (36%) rent a home or live with […]
Edinburgh is Scotland’s Top Retirement Destination
Edinburgh is the destination of choice in Scotland for people looking to buy their last home for retirement, according to new research from Bank of Scotland. In a recent survey, over 3000 Scots were asked to name where they would like to retire, even if this was many years away. The capital topped the list […]
Edinburgh Property Sales Continue to Increase
House sales in Edinburgh increased by around 12% in January compared to the same time last year, according to the latest figures from ESPC. There was also an increase in seller activity, with a 22% increase in the number of homes appearing on the market, compared to January last year. The ESPC figures, which cover […]
Edinburgh’s Property Market Remains Buoyant
The latest house price report from the ESPC has revealed a 4% increase in the number of homes sold in Edinburgh, the Lothians and Fife in the last quarter of 2014, compared to the same period in 2013. There was also a rise in the number of new homes coming onto the market, with a […]
Optimism over Stamp Duty Reforms
There was a sluggish trend in new buyer demand and a tail-off in house price growth at the end of last year, according to the latest UK Residential Market Survey from RICS, however there is still an expectation that stamp duty reforms will support market activity. The survey found that the number of potential new […]
Increase in Property Sales in Edinburgh
The latest House Price Report from the ESPC has revealed an annual increase of 19% in the number of houses sold in Edinburgh, the Lothians and Fife during the three months to November. The biggest increase in sales was apparently found in the upper-mid market level, with a 33% annual increase in the number of […]
Link between Property Value Increases and Employment Gains
Council areas with the largest rises in employment have also seen the average value of properties rise by over £100,000 over the past 10 years, according to new research by Halifax. The average house price in the 20 local areas recording the largest increases in employment in the decade to June 2014 rose by 45% […]
